Columbia U. vs. the Little Guy
17th December 2010
Glenn Harlan Reynolds kicks over a rock.
We often hear politicians and pundits denounce property rights. Property rights, we’re told, protect the fat cats against the needs of the public. They’re a tool for keeping the little guy down.
Like a lot of what we hear from politicians and pundits, this is exactly the opposite of the truth. The fat cats don’t need the protection of property rights, because they already control the political system. It’s the little guy (or gal), the one without political juice, who needs strong property rights for protection from the fat cats and the politicians they control.