The capitalist believes that wealth in the hands of brilliant, successful, exhausting-working people (entrepreneurs) will be the incentive to provide newer and better services because of the expectation of the financial rewards from which they will benefit. They consider in the “trickle-down” prosperity concept as opposed to the “trickle up” poverty concept, which they claim the socialists espouse.
He feels that it is an attack on personal integrity that undermines particular person freedom. He holds that staff ought to personal and control their office. Many libertarian socialists argue that large-scale voluntary associations should handle industrial manufacture whereas employees retain rights to the person merchandise of their labor. As such, they see a distinction between the concepts of “non-public property” and “personal possession”. Whereas “private property” grants a person unique control over a thing whether it is in use or not and regardless of its productive capability, “possession” grants no rights … Read More