The close link between property ownership and political stability in a democracy is undisputed.

However, today we find ourselves back in the late-18th century, where the more perceptive political economists had already reached this conclusion. That same prudential view of ownership and the risks of capital concentration resurfaced, of course, in the great era of social and financial reform from the end of the 19th century through the ’60s.

The question now is Read More…