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    Moral Principle 5: Social Dimension of Private Property

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    Kristle Sisles II
    Private property rights have both individual and social dimensions. While private property protects individual freedom and initiative, one's right to private property is not absolute and is conditioned by social and community needs. Private property is subject to a "social mortgage" and the principle that the goods of the earth are meant for all people, not just a few powerful individuals. One may not exercise private property rights in a way that is detrimental to the common good or public welfare.

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    Moral Principle 5: Social Dimension of Private Property

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    Kristle Sisles II
    283 views8 pages
    Private property rights have both individual and social dimensions. While private property protects individual freedom and initiative, one's right to private property is not absolute and is conditioned by social and community needs. Private property is subject to a "social mortgage" and the principle that the goods of the earth are meant for all people, not just a few powerful individuals. One may not exercise private property rights in a way that is detrimental to the common good or public welfare.

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    Private property rights have both individual and social dimensions. While private property protects individual freedom and initiative, one's right to private property is not absolute and is conditioned by social and community needs. Private property is subject to a "social mortgage" and the principle that the goods of the earth are meant for all people, not just a few powerful individuals. One may not exercise private property rights in a way that is detrimental to the common good or public welfare.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    283 views8 pages

    Moral Principle 5: Social Dimension of Private Property

    Uploaded by

    Kristle Sisles II
    Private property rights have both individual and social dimensions. While private property protects individual freedom and initiative, one's right to private property is not absolute and is conditioned by social and community needs. Private property is subject to a "social mortgage" and the principle that the goods of the earth are meant for all people, not just a few powerful individuals. One may not exercise private property rights in a way that is detrimental to the common good or public welfare.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 8

    CHAPTER 11

    Moral Principle 5:
    Social Dimension of Private Property
    Social Dimension - Concern for the values, norms, rules,
    and roles; one of the greatest sources of influence on hu
    man behavior, emanating from the cultural dimension.

    Private property - is a
    legal designation for the
    ownership of property by
    non-governmental legal
    entities
    Multiple reasons in favor of property right:

    Personal reason- It is a necessary right to exercise personal respon


    sibility and self realization towards a more creative development.
    Moral reason- In moral reason, it serves as a protection for our fre
    edom.
    Social reason- It points out that property rights extends help to tho
    se person who is in need.
    Psychological reason- Here, property rights brought about persona
    l initiative, drive and enterprise. So, if all the people have in commo
    n to them, they show less interest, that they treat it with less care.
    “One may not exercise
    his right to private
    property if, by exercising
    this specific entitlement,
    he does something
    detrimental to the
    common good and public
    welfare.”

    (John Meisel, 2005)


    The right to private property is not an abs
    olute right, because it is conditioned by t
    wo factors:
    1. Our Personal Needs
    No one is justified to possess, to own, to ke
    ep his exclusive use of what he does not need, p
    articularly when he knows in conscience there ar
    e many others who are lacking the basic necessi
    ties in life.

    2. The Higher Needs Of The


    Community
    Which means that common
    good or the public welfare should
    prevail over private ownership.
    "The world is given to all
    and not only to the rich."-
    (Ambrosius,395,cited in
    Vatican Council II, 1965)

    The Universal destination of the goods means that all the


    material goods of the earth are not meant to be owned a
    nd used by few powerful individuals but, on the contrary
    that all inhabitants of this planet can equally own and us
    e these goods in accordance with God's original plan.
    Everyone’s right to private
    property is under what Jo
    hn Paul II (1987) called “s
    ocial mortgage,” which te
    aches among others that  Which only means that
    our property right has a s the goods of this world
    ocial function intrinsic to i are originally meant for
    tself, based upon and justi all. The right to private
    fied precisely by the princ property is valid and
    iple of the universal desti necessary but it does not
    nation of the goods and r nullify the value of this
    esources of the earth. principle.

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