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How have conservatives justified private property?

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Introduction

´╗┐How have conservatives justified private property? 15 marks The conservatives have justified private property in many ways; like liberals, conservatives support the ability to accumulate wealth as an important economic incentive but they also see property as having a range of psychological and social advantages The first advantage of possessing private property is that it creates positive social values for example respect for law and order. ...read more.

Middle

The second advantage is that it provides security. In an unpredictable world property ownership provides a sense of confidence and assurance as they have something to fall back on. It also provides individuals with a source of protection. This is why, for conservatives, thrift (caution in the management of money) is in itself a virtue and they encourage private savings and investment in property. Lastly, private property is seen as an extension of the individuals personality as people realise themselves in what they own. ...read more.

Conclusion

However, unlike liberals, conservatives don?t believe that individuals have a right to property. Although libertarian conservatives support a liberal view of property, traditional conservatives believe that all rights, including property, entail obligations. Property is an issue for society, not just the individual as property is not just the creation of the present generation. The present generation are the custodians of the wealth of the nation and so have a duty to preserve and protect it for future generations. This stands by the conservative belief in tradition and preservation, with private property acting as a link between the past, present and future generations. ...read more.

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