A good time to read Are you a Real Libertarian, or a ROYAL Libertarian?[1]
Most people who fly the economic libertarian banner are actually Royal Libertarians, which is to say they aren’t really Libertarians at all.
Most people who fly the economic libertarian banner are actually Royal Libertarians, which is to say they aren’t really Libertarians at all.
Viz, the "common lands" are lands which everyone has an obligation to protect so they can be shared not just with those currently alive, but with future generations. The "royal lands" is land where the owner has the right not just to deny others the use of it, but can choose to destroy it. Those property rights can encompass more than just land, and generally includes people (conscription is the exertion of 'right to destroy' over people, for example)
In Australia this has led to utter incomprehension on the part of the colonists when locals choose to be killed rather than let their property be destroyed. Their lives are so bound up with the obligation to care for country that without that obligation their lives don't exist. The colonialists found this convenient although their short term approach obviously leads to their own demise. Traditional lands rights preserved the country for 50,000 years, royal rights look to destroy it in less than 1000. Ooops.
I think this is the essence of capitalism. It's not like Marx said that private property is the problem. It is this first mover advantage that is carried forward into the future forever. The solution is quite simple, you limit landownership to a finite amount of time, it could be 20 years like patents or it could be a public landownership system like Singapore or it could just be a land value tax.
The problem is that you cannot replicate being first without urban sprawl, which exists because the privilege of others being first forever. So future generations are in debt to past generations and their descendants, simply because they were first to settle. We are born poor because the first thing we have to do is negotiate with those who own our surroundings.
Also, one particularly perverse situation is where indigenous communities don't register their land and some foreign investor comes along and registers it without their consent and often the compensatory payments are purely symbolic like a dollar per hectare for land that leases for at least $20 per year.