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"ProfessorBainbridge.com Law Business Economics Religion Football Food Wine Home Archives Subscribe Bio and Policies « July 2004 Main September 2004 » August 2004 08/31/2004 The essential foundation for an ownership society President Bush has been talking a lot lately about creating and fostering an " Ownership Society ." George Melloan recently wrote an excellent WSJ ($) column on the political advantages of this policy program for the Republicans. In the course of doing so, Melloan makes a very important point about the essential foundation without which such a society would founder: The promise by politicians to protect the sanctity of private property is not exactly a new idea in American politics. It just got lost somewhere back there when environmental radicals started dictating how private land could be used, municipal authorities started using their eminent domain powers recklessly and lawyers became birds of prey, hunting for deep pockets to pick. That has been a dangerous trend, because the protection of private property has been fundamental to American economic and political development. Alexis de Tocqueville in "Democracy in America" (published in 1835 and 1840) discovered the social value of property rights: "Why is it that in America, the land par excellence of democracy, no one makes that outcry against property in general that echoes through Europe?" His answer: "It is because there are no proletarians in America. Everyone, having some possession to defend, recognizes the right to property in principle." Indeed, the Founding Fathers planned it that way. James Madison, perhaps the most influential politician in the design of the American Constitution, wrote: "That alone is a just government which impartially secures to every man whatever he owns." 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