Importance Of Common Stock By John Locke

Locke argues that since money has little value besides for the value that men give it, men, by accepting the use of money, have “agreed to a disproportionate and unequal passion of the earth, they have, by a tacit and voluntary consent, found a way how a man may fairly possess more land than he himself can use the product of” (698). Locke places high value on property. He says that human beings are born with a natural right to preserve their own property, that is, their life, liberty, and estate. He also says that the preservation of property is the number one reason people enter into a civil society. A civil society is there to protect the natural rights of humans, which is the preservation of their private property (707).

It was the land, when mixed with man’s labour offered the means of turning that outcome into money. Since land ownership is a prerequisite to making money and money is a pre-condition to owning land, the two became inexorably linked. In short, the introduction of money led to unlimited accumulation, scarcity and, ultimately, conflict. Although the sufficiency limitation remained intact, there was no longer “as much and as good” land for everyone and, as a result, a visible disparity between “owners” and the “wage makers” appeared and conflict between them arose. Locke commented on the problems inherent in accumulation of property in the state of nature;

	One of Locke’s central themes is the distribution of property. In a state of natural abundance "all the fruits it naturally produces, and beasts it feeds, belong to mankind in common" (page 18). In this situation the only thing man naturally owns is "his own person. This no body has any right to but himself" (page 18). Therefore, man is in a way equal, however it is an imperfect equality. "Whatsoever then he removes out of the state that nature hath provided, and left it in, he hath mixed his labour with and joined to it something that is his own, and thereby makes it his property" (page 18). Therefore, everything belongs to mankind in general, until a man decides to take it upon himself to acquire something from its pure state in nature, and since he has to work to achieve this, the fruits of the labor are his.

John Locke defends the right to private property in Second Treatise of Government by transforming Biblical principles into Capitalist principles. Locke explores nine steps that stem from the Book of Genesis to explain “in a positive way how men could come to own various particular parts of something that God gave to mankind in common” (Locke 11). Locke believes that the unnatural inequality is perfectly acceptable. because he notes that some people work harder than others so they deserve more. The only way to ensure his argument is to guarantee that private property is secured by divinity, otherwise men can give and take away property freely, which includes the sovereign.

“Though the earth, and all inferior creatures be common to all men, yet every man has a property in his own person. This nobody has any right to but himself. The labour of his body, and the work of his hands, we may say, are properly his. Whatsoever then he removes out of the state that Nature hath provided, and left it in, he hath mixed his labour with, and joined to it something that is his own, and thereby makes it his property”. “From all which it is evident, that though the things of Nature are given in common, man (by being master of himself, and proprietor of his own person, and the actions or labour of it) has still in himself the great foundation of property;...” (Locke, 1978

Locke's Explanation of Creation, Value and Protection of Property ‘The great and chief end... of Mens uniting into Commonwealths, and

Next, under Locke’s state of nature, he also places a heavy emphasis on extensive rights, including property rights. He believed that self-determination implied private property rights and that human life without property is not free. In refutation to this

Having established his state of nature, Locke begins his description of the formation and transition to society, and appropriately starts with a discussion of property. “God, who hath given the World to Men in common, hath also given them reason to make use of it to the best advantage of Life, and convenience.” (Locke, Second Treatise, V.26). Here, Locke does little more than apply natural law (self preservation) to what he sees around him (land), but in doing so, makes a groundbreaking shift. He reveals that, following from natural law, men have a right to use what they have around them to further their own preservation and lives. In addition, man has an inherent, and obvious, possession of himself and all that comes with it, including, and most importantly, labor. “The Labour of his Body, and the Work of his Hands, we may say, are properly his.” (Locke, Second Treatise,

John Locke and Jean Jacques Rousseau, two philosophers with differing opinions concerning the concept of private property. Rousseau believes that from the state of nature, private property came about, naturally transcending the human situation into a civil society and at the same time acting as the starting point of inequality amongst individuals. Locke on the other hand argues that private property acts as one of the fundamental, inalienable moral rights that all humans are entitled to. Their arguments clearly differ on this basic issue. This essay will discuss how the further differences between Locke and Rousseau lead from this basic fundamental difference focusing on the acquisition of property and human rights.

     It is stated by John Locke that in the state of nature no man may take more then he can consume. “…make use of any advantage of life before it spoils…whatever is beyond this is more than his share and belongs to others. Nothing was made by God for man to spoil or destroy. (Locke 14)” Locke then goes on to say, “God gave the world to man … for their benefit and the greatest conveniences of life they were capable to draw from it, it cannot be supposed he meant it should always remain common and uncultivated. He gave it to the use of the industrious and rational- and labor was to be his title… (Lock 15)”

Locke begins his explanation of private property by establishing how individuals come to possess property separate from the common resources of mankind. The defining feature of a piece of private property is labor, as the individual who performs the “labour that removes [the good] out of that common state nature left it in” makes the property his own (V. 30). According to Locke, the common resources of nature are open to all mankind, but a good becomes an individual’s own when a person performs some sort of labor on it. This stems from his idea that industry is an extension of self-ownership – people have natural rights of their own being, and extending these personal rights through work is how people come to own other things. Labor is what establishes ownership of a good, and as long as the amount of property taken is within a reasonable and modest amount, people are free to take what resources they must from the Earth. Although Locke argues in favor of the possession of private property, he emphasizes the point that it is “dishonest” for a man “to hoard up more than he could make use of” (V. 46). When people take property in excess, perishable

Mankind has been fighting for Liberty and Freedom for as long as we can remember. Liberty and freedom has been a topic which has been debated for many decades. What does it mean to be free , and how far can we go to strive for freedom. These important questions have been answered and studied by two of the greatest English philosophers, John Locke and John Stuart Mill. Locke and Mill men will attempt to uncover the mysteries of Liberty and Freedom and unveil the importance of being free. This essay will look at John Locke’s principle works” Second Treatise of government” and John Stuart Mills. “ On Liberty and Other Essays”. This essay will attempt to compare and contrast Lockes ideology on Liberty and Freedom to that of Mill.

John Locke (1689) and Thomas Hobbes (2010) share a common underlying concern: establishing a social contract between the government and the governed. To be legitimate, government must rest in the final analysis on the “consent” of the governed, they maintain. They also share a common view of humanity as prone to selfishness (Morgan, 2011 p. 575-800). Given the modern era, Hobbes views of the state of nature and government seem antiquated; no longer do the masses wish to be subservient to anyone man without question. Lockean principals are now the base for today’s modern, just, prosperous and free states.

Locke critisized this unequal distribution of possesions and ownership. He briefly summarizes this view by saying that:

John Locke and Karl Marx, two of the most renowned political philosophers, had many contrasting views when it came the field of political philosophy. Most notably, private property rights ranked high among the plethora of disparities between these two individuals. The main issue at hand was whether or not private property was a natural right. Locke firmly believed that private property was an inherent right, whereas Marx argued otherwise. This essay will examine the views of both Locke and Marx on the subject of private property and will render insight on whose principles appear more credible.