Property rights must be protected from "summary" of Capitalism and Freedom by Milton Friedman
The protection of property rights is a fundamental aspect of a free society. Property rights provide individuals with the incentive to work hard, save, invest, and innovate. When individuals are confident that they will be able to enjoy the fruits of their labor, they are more likely to engage in productive activities that benefit not only themselves but society as a whole.
Furthermore, property rights help to prevent conflict and promote social harmony. When individuals know that their property is secure, they are less likely to engage in disputes or resort to violence. Strong property rights create a framework for peaceful cooperation, allowing individuals to interact with each other through...
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