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Private property is often used to justify capitalism—but what if capitalism is actually its enemy? We trace the philosophical history of property from Erasmus and Locke to Marx and Proudhon, then offer a radical reinterpretation: that property is justified not by labor alone, but in concert with exclusive use. This episode presents a libertarian socialist argument that defends personal ownership while condemning capitalist accumulation.

Keywords: private property vs capitalism, John Locke property theory, libertarian socialism, Marx on property, anti-capitalist property rights, Judith Jarvis Thomson, Jeremy Waldron, personal ownership explained

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