Democratizing Power: How Flexible Property Rights Can Reshape Equality and Wealth
Property rights can help create good development by meeting basic needs, sharing power fairly, promoting equality, generating wealth, and planning cities effectively. Having property means having many types of rights, not just owning things like land or houses. Different entities like people, groups, or the government can own things in different ways. Mixing and matching different forms of property rights for different situations is key for success. By using this approach, we can achieve better outcomes. The paper gives examples of how using varied property rights can lead to positive results in practical situations.