I watched a random bit of the video... he was talking about the fact that '
charity does not solve problems, merely postpone their solution', and i agree. But then, all of a sudden, he mention that '
private property is the problem'. WTF? At that point he lost me.
Private property is essential because the difference between us and what we call property are so thin that if we relinquish the right to own things to '
society' then the step toward relinquish the right to '
own ourselves' is short.
Of course this is just my opinion. At everybody his own.
Private property is a solution to "The tragedy of the commons" problem, it align, success with responsibility, (as a meme it has been the most successful cultural idea thus far) but is it not a solution, it creates a new problem.
Private property is problematic because it disrupts the free market, or ecology in nature (it allows for monopolies by decree), in that the granting of title to land, creates a right for one at the expense of the rights of others. the "Private Property" Problem is what energized Marx - he elegantly illustrates the problem in his observation :Theft of Wood, and the Working-Class", where the aristocracy, to prevent people from taking wood from the forest - used in industry to create chairs, carts and cooking, the aristocracy then began to charge for it and punish those who didn't pay, (obviously the aristocracy were trying to prevent The tragedy of the commons - or get some of the action in a growing economy) but it had an negative effect on the wealth of the people, and a positive wealth effect on the aristocracy ie it was not only unfair but destructive as a whole.
James D'Angelo presents the principal to the solution
here, the future solution to the problem of property, he has applied it to a cap and trade system that effectively distributes equally the right to pollute to the individual level, (rights are only held by the living), and can be exchanged at will but remain an inherent right that cant be take away, just redirected according to free market principals. pure genius. check it out, vote for it its the future.
the idea of private property is necessary as you point out, but it cant interfere with nature or fundamental right of freedom, and with bitcoin we now have a solution.