In the late 1600's...John Locke had a philosophy of money. It's now the Western philosophy of money.
In the notoriously imprecise state known as the 'state of nature' everyone was entitled to take what they could use.
The argument goes:You are entitled to yourself. That's axiomatic. Your labour is an extension of yourself. So you get to keep your labour. Yonder apple tree is no one's. Harvest an apple, though, and it's yours. Yonder river is everyone's; everyone can drink from it. But scoop a litre with your pitcher, and you have a right to be angry when someone drinks from your pitcher rather than the rest of the river.
And so there was a natural limit on how much you could own. You can't harvest the wh*** orchard, you can't scoop the wh*** river. But let's say you put up a fence around the orchard, and did manage to harvest it. This extra labour does not entitle you to the goods of that labour like it normally does. Your entitlement to your labour is constrained by what you can use. If you harvest all the apples, they will spoil; they will have no use. And so taking too great a share would naturally be unfair.
Until you invent coin. Now you harvest the orchard and sell what you cannot (otherwise) use; coin is use incarnate. Your harvest can be transmuted into coin, and then more comfortable living arrangements.
Locke's theory of entitlement has had a huge influence on us. And it is plain to see that problems of fairness and equality are built right into the concepts of the argument. It allows that one person could own it all, -all the orchards, all the rivers- and that that would be fair.
Looks to me like we need more than practical action plans to create a wise future of money. We need a an updated philosophy of money.
If there's any interest, I will make another post about a more contemporary -- although not necessarily popular -- philosophy of money.
Update: Here is a
contemporary alternative to the entitlement philosophy of money.
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