The impact of wealth ownership systems on economic development
When the prerequisites are the same, the system of private property rights has more advantages than the system of common property rights. Regardless of whether it is under the conditions of a planned economy or a market economy, the system of private property rights can greatly stimulate the people's ability to survive, improve the operational efficiency of society and enterprises, enable people with higher talent to give full play to their due value, reduce all kinds of waste, maximize the benefits of all kinds of wealth, and greatly increase the level of the people's average labor desire. Generally speaking, private ownership of property rights can greatly increase the speed of social and economic development. The system of shared property rights will greatly reduce the average labor desire of the people, lead to a decrease in the labor effort of the people, lead to a decrease in the quality of national labor, and then reduce the social production efficiency.
Private ownership can also reduce social corruption. Private business owners run their own enterprises and generally engage in little corruption within them. When the preconditions are the same, the greater the proportion of state-owned enterprises in enterprises, the greater the degree of corruption in society.
Private ownership is actually private ownership, and state-owned or co-ownership is actually official ownership. Private ownership is private ownership, and state ownership or public ownership is official ownership. If it is named in this way, we can easily feel why state ownership or public ownership is inferior to private ownership.
Private ownership is the economic guarantee of the people's right to freedom, and private ownership can avoid mastering more resources, reducing the degree of control of the people, and avoiding the emergence of a totalitarian system. Generally speaking, private ownership is conducive to the society moving towards democracy and is the condition for promoting the economic system for the society to move towards democracy.
The impact of the property rights system on the speed of economic development is similar to the impact of the market system on economic development, and the change of the property rights system can significantly affect the short-term economic development rate, which leads to the change of the property rights system can affect the per capita wealth income. The change from public ownership to private ownership of property rights can significantly increase the short-term economic development rate, and then promote a significant increase in per capita wealth returns. On the contrary, the transformation of private ownership to public ownership can obviously lead to a decrease in the short-term economic development rate, and then lead to a significant decline in per capita wealth returns.
If a change in the property rights system can cause a 50% change in the efficiency of wealth production, and if a change in the property rights system can affect the economic development rate in a short period of five years, this means that the percentage of economic growth in five years will change by an average of 10 percentage points per year. If the original economic growth rate was 5%, plus the 10 percentage point change, the economic growth rate would change to about 15% or minus 5% in the next five years.
The property rights system not only affects the efficiency or efficiency of capital, but also affects the speed of development of science and technology, which leads to the fact that the property rights system can not only affect the speed of economic development in the short term, but also affect the speed of economic development in the long term.
And more importantly, under the conditions of the market economy, the natural condition of human beings determines that our society must choose private ownership, which is often not taken seriously. For people with high savings rates (frugality), private ownership is particularly important. Private ownership can satisfy people's sense of wealth needs and improve everyone's sense of happiness. Under the conditions of market economy, it is very necessary for the people to have a sense of wealth, and the degree of this sense of wealth determines the level of people's consumption, that is, the level of domestic demand. The appropriate level of wealth perception of the people can achieve an appropriate level of consumption (domestic demand level), and the appropriate consumption level can be adapted to the normal level of production, realize normal social demand, and avoid the problem of insufficient domestic demand.
The East Asian farming peoples are highly frugal, and the East Asian farming societies are often faced with the problem of insufficient domestic demand, the main reason is that everyone does not feel that there is much wealth, and everyone also needs to increase the amount of wealth they feel they have, which means that in the East Asian farming areas, more comprehensive private ownership is imperative. From the perspective of domestic demand, private ownership may be less popular in countries with a population that loves consumption, but it is necessary to have a high degree of popularity in countries with a high savings rate.