Consider (among other issues) the philosophical and legal basis of the UK property rights regime and the constitutional issues and political implications surrounding any alteration to it.

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"The C....... family owns 65,000 acres of land in Britain. Why should this one family, and others like it, own so much land when so many young people cannot afford to buy even a 1-bedroomed flat?" (New Statesman, 24th Sep 2004) In responding to this question, you may wish to consider (among other issues) the philosophical and legal basis of the UK property rights regime and the constitutional issues and political implications surrounding any alteration to it.

The earth under our feet once considered a divine gift to all mankind, has been measured, partitioned off with fences, and privatised. Land ownership imbalances are one of the central causes of poverty and distress in the UK and around the world. 69 per cent of the acreage of Britain is owned by only 0.6 per cent of the population. This excessive concentration of property owned by a landed aristocratic minority may be defended and accepted, if one understands the legal and philosophical basis of the UK property rights regime, which may also be supported by economic arguments. By reviewing political and social thinking in history the notion of a ‘natural right’ to property has evolved in Britain, which has been cemented by the legal system. An alteration to this system will induce implications to society, yet it may be argued that the problems of uneven land distribution outweigh the consequences of land reform. Perhaps landowners such as the Cavendish family should not be allowed to own such great estates, and more needs to be done to rectify the inequalities of land ownership in Britain.

Before delving into the basis of UK property it is important to clarify the terminology and perceptions of property and land. Property is usually thought in terms of a bundle of rights. Traditionally they are the right to: control over use, the benefits of property, transfer or sell and exclude others. The entitlement to a benefit stream associated with property means it is a great source of wealth and so is directly related to power. This is an important condition to appreciating the philosophical, economic and legal arguments for a highly concentrated from of land ownership in Britain.

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The judicial theory that defines property was developed from the social theories of property, so it is wise to begin here to understand the significance of a high concentration of land ownership by individuals. Perhaps the earliest writings on this matter come from Aristotle who observed that whatever “is common to the greatest number has the least care bestowed on it.” His reflection had echoed throughout history, and is understood (after Hardin) 1969 as the “tragedy of the commons” i.e. where resource depletion and pollution problems occur due to the incentives created by open access regimes. The property-based solution to this ...

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