The Right of Ownership. [Liberty, August 2, 1890.] To the Editor of Liberty:(37 ¶ 1) Will you permit me to ask you for the definition, from an Anarchistic standpoint, of the Right of Ownership? What do you mean to convey when you say that a certain thing belongs to a certain person?(37 ¶ 2) Before directing my attention to the study of the social question, I had a rather confused notion of the meaning of this term. Ownership appeared to me a kind of amalgamation of wealth with the individual. This conception could, of course, not be sustained in an analysis of the social question and the distribution of wealth. For some...
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal A Loan is a Service On the one hand, it is very true, as you have unquestionably established, that a loan is a service. And as every service has a value, and, in consequence, is entitled by its nature to a reward, it follows that a loan ought to have its price, or, to use the technical phrase, ought to bear interest. But it is also true, and this truth is consistent with the preceding one, that he who tends, under the ordinary conditions of the professional lender, does not deprive himself, as you phrase it, of the capital which be lends. He lends it, on the contrary, precisely bec... (From : Anarchy Archives.)