In their 1848 publication Manifesto of the Communist Party, Karl Marx and Frederick Engels wrote:
“The theory of the Communists may be summed up in the single sentence: Abolition of private property.”
Frank Dikotter, author of “Mao’s Great Famine: The History of China’s Most Devastating Catastrophe,” talks about China’s collectivization of farmland
This video is a real life horror tale of famine, torture, murder, and other unimaginable, real world brutalities that happened after Mao collectivized the farmland, housing, tools, food, and other property in China. The author explains that without private ownership, there was no incentive to grow food, housing literally disappeared, everyone became a thief, and people sold their own children for a handful of grain.
According to the laws of physics, the total quantity of mass and energy is fixed. Therefore, we cannot “create” new mass or energy, and we cannot “use up” the mass and energy that we already have.
But there is something else that we can do – we can invent, build, and use technology to increase our standard of living. For example, petroleum was worthless until someone with a brain invented a way to use it, at which point the petroleum became a valuable resource. Likewise, today we take rocks that used to be worthless, and turn them into computer chips that are worth trillions of dollars.