Property Rights: A development imperative

PROPERTY RIGHTS:  A DEVELOPMENT IMPERATIVE

For over a billion poor people in the developing world, changing their relationship to the land they live upon could measurably improve their quality of life. Granting access to land and legalizing rights to the land could lead to an increase in income, improve social security, and enhance opportunity.
The majority of the poor live in rural areas where land is the key asset: a source of food security, income, credit, status, and power.  Without fair distribution of land and secure rights, millions of poor people suffer, and the economies of developing countries lose the opportunity to realize billions of dollars in assets for growth and investment. Creating a unified system that enables access to land and land rights is an essential component of fighting poverty….

http://beyondprofit.com/property-rights-a-development-imperative

PROPERTY RIGHTS

The right to life is the source of all rights—and the right to property is their only implementation. Without property rights, no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has no means to sustain his life. The man who produces while others dispose of his product is a slave. 

Ayn Rand, The Virtue of Selfishness