The U.S. Constitution picked up on John Locke's idea of private property. "Locke proposed a labour theory of property that built on the idea of natural law. By mixing his labor with an object, a person then owns that object. However, labor also set the bounds of private property because, under the labor idea, a person could only own that which could be enjoyed and used. By these bounds, the economy should run efficiently because property will not be wasted, spoiled, or hoarded." Private property means people own their land over the state, which is essential to capitalism. Capitalism is an economic and political system in which private owners control a country's trade and industry for profit, rather than by
The U.S. Constitution picked up on John Locke's idea of private property. "Locke proposed a labour theory of property that built on the idea of natural law. By mixing his labor with an object, a person then owns that object. However, labor also set the bounds of private property because, under the labor idea, a person could only own that which could be enjoyed and used. By these bounds, the economy should run efficiently because property will not be wasted, spoiled, or hoarded." Private property means people own their land over the state, which is essential to capitalism. Capitalism is an economic and political system in which private owners control a country's trade and industry for profit, rather than by