Capitalism, the Unknown Ideal - The Property Status of Airwaves Summary & Analysis

This Study Guide consists of approximately 44 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Capitalism, the Unknown Ideal.
This section contains 363 words
(approx. 1 page at 400 words per page)
Buy the Capitalism, the Unknown Ideal Study Guide

Rand feels "Any material element or resource which, in order to become of use or value to men, requires the application of human knowledge and effort, should be private property—by the right of those who apply the knowledge and effort" (Chapter 10, p. 122). Rand applies this principle to the airwaves, whose usage requires the definition of some kind of property rights or people would be trying to use the same frequencies and jamming each other. Rand feels U.S. government has failed in this area.

Rand uses the Homestead Act and the settling of the western lands in the U.S. as an example of how property rights can be established. Public land was put into private hands when the settlers settled on the land and worked it for a specified period of time. The settlers...

(read more from the The Property Status of Airwaves Summary)

This section contains 363 words
(approx. 1 page at 400 words per page)
Buy the Capitalism, the Unknown Ideal Study Guide
Copyrights
BookRags
Capitalism, the Unknown Ideal from BookRags. (c)2014 BookRags, Inc. All rights reserved.