by Fr. Gregory Jensen –
As a pastor, I’ve been struck by the hostility, or at least suspicion, that some Orthodox Christians reveal in their discussions of private property. While there are no doubt many reasons for this disconnect, I think a central factor is a lack of appreciation for the role that private property can, and does, play in fostering human flourishing.
It is through the wise and prudent use of our property that we are able to give ourselves over in love to the next generation and so give them the possibility of likewise transcending a purely material way of life through an act of self-donation. Economists Terry Anderson and Laura Huggins, in Property Rights: A Practical Guide to Freedom and Prosperity (Hoover Institution, 2009), are right when they remind us that while not a panacea, “property rights to oneself (human capital), one’s investments (physical capital), or one’s ideas (intellectual capital), secure claims to assets” and so “give people the ability to make their own decisions, reaping the benefits of good choices and bearing the costs of bad ones.” [Read more...]