Under a certain kind of government structure--let's just call it fascism for short--ownership can be in private hands only in the most formal sense, but its control and use is subject to central command.Along the way, he misrepresents the thrust of my recent TCS column on the ownership society. This is why I find it impossible to take the anarcho-libertarian fringe remotely seriously. Not only do the allow the perfect to become the enemy of the good, they misrepresent and distort the good.
Meanwhile, the Washington Post quotes my column in a piece on Bush's RNC speech:
The most prominent recommendation of Bush's Social Security Commission in late 2001 would ultimately put the nation's largest entitlement program on a path to solvency, according to a recent analysis by the nonpartisan Congressional Budget Office. It would also make stock ownership almost universal, "which surely would be the ultimate expression of the American dream," argues Stephen Bainbridge, a law professor at the University of California at Los Angeles.