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labor

It is always possible to get a rigorous debate on capitalism versus socialism from business owners. One of my first clients as a consultant in 1996 was a former union leader, now in his own business and beginning to see things were not the way he imagined.

He was the man now cutting the checks. And when he cut checks, he expected to get value for money. He resented paying workers for poor and inefficient performance.

The regular model of business, however, showing the business owner as the “owner” of the business is misleading. It misleads because it fails to address property ownership in its broader context.

If you look at ancient Israel, land was determined for the twelve tribes, then every 50 years, the year of Jubilee returned the land to the original family.

But land is not the only asset of ownership. A person “owns” his labor and the skills he has acquired. People ought to be permitted — and encouraged — to manage their assets in the same way land owners can manage their land.

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