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--- education [2022/08/05 14:50] – [Housing allocation] jusr
+++ education [2022/10/27 01:05] (current) – [Private ownership becomes stewardship] jusr
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 ===== Private ownership becomes stewardship =====
-Just because resources are shared with more access to them in an open access economy, doesn't mean existing private property rights are abandoned. Some critical of an open access economy fear that others will take whatever they want and whatever they can, and abuse an ability to use and misuse property without maintaining some form of property management, ownership rights, and permissions system for who can use property and in what ways.
+Just because resources are shared with more access to them in an open access economy, doesn't mean existing property rights are abandoned. Some critical of an open access economy fear that others will take whatever they want and whatever they can, and abuse an ability to use and misuse property without maintaining some form of property management, ownership rights, and permissions system for who can use property and in what ways.
-In an open access economy, it can still be possible to retain any title ownership rights you have over that particular resource, land, or property you have the title to on record for. As it's acting steward, if something were to go wrong with said property, or cause harm to people or the environment, you will still retain the responsibility for the outcomes of how well the property is maintained.
+In an open access economy, it can still be possible to retain any title ownership rights you have over that particular resource, land, or property you have the title to on record for. As its acting steward, if something were to go wrong with said property, or cause harm to people or the environment, you will still retain the responsibility for the outcomes of how well the property is maintained.
-In the current market system however, information on who is ultimately responsible for the management of private property isn't always easy to define or clear due to a lot of private property being jointly owned, whether that be in shareholdings or in title, leading to decision-making problems when shareholders or joint owners have different opinions and visions and want to go in different directions, and so are unable to settle a plan of action regarding what to do with the jointly owned property. And putting things right to the property, such as costs of repair, isn't always easy either when heavy monetary costs are involved.
+In the current market system however, information on who is ultimately responsible for the management of private property isn't always easy to define or clear due to a lot of private property being jointly owned, whether that be in shareholdings or in title for profit, leading to decision-making problems when shareholders or joint owners have different opinions and visions and want to go in different directions, and so are unable to settle a plan of action regarding what to do with the jointly owned property. And putting things right to the property, such as costs of repair, isn't always easy either when heavy monetary costs are involved.
 To help with this, in an open access economy, alongside resources needed to improve aspects of the property now more readily available with cost no longer a major playing factor, private property can be managed and organised where all property is stewarded solely by individuals as the sole title owners. So only one person has the title ownership rights to the property.