Sunday, September 30, 2018

Inheritance, Free Market, Species

In a Free Market system that is universal, every transfer of property would be open to competitive demand.  So, even in the closest approximation to that universality, the contemporary American Economic system, Inheritance is exempt from Free Market principles. Thus, this perhaps most private of transactions is beyond the scope of what is commonly conceived to be the Private Sector. Now, Inheritance is a legally sanctioned transaction, e. g. by a Will, and a Will might name someone other than a blood relative as a beneficiary.  But, the foundation of the transaction is revealed when a Will is lacking--the default beneficiary is either a spouse or a blood relative.  Hence, the foundation of this most private of transactions is Biological, i. e. Marriage is traditionally primarily for reproductive purposes.  In other words, Species-interest determines a stratum of private Economic relations that transcends the scope of the Market of the most Capitalist society in the World.

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