Monday, June 15, 2009

State ownership of General Motors will be a total failure

By Gerard Jackson

"To own a good is to exercise control over it. This includes the right to decide how it will be used or whether it will be used at all. Moreover, the ultimate measure of ownership is disposability. If I am not allowed, for example, to sell goods in my possession then it cannot be said that I own them. If some politician can tell me who can drive my car and who cannot or even if I can sell it or not then he in effect has asserted ownership over it."

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