No Result
View All Result
  • Login
Saturday, July 11, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Economy

Would Hasan Piker Steal A Car?

by FeeOnlyNews.com
2 months ago
in Economy
Reading Time: 3 mins read
A A
0
Would Hasan Piker Steal A Car?
Share on FacebookShare on TwitterShare on LInkedIn


In a controversial conversation platformed by the New York Times and recently discussed in The Atlantic, streamer Hasan Piker implied that he might steal a car if it carried no consequences. In the interview, author Jia Tolentino also casually admits to shoplifting lemons from Whole Foods. Although petty theft is common, the interview clip spread quickly because the justification for looting felt oddly assertive.

Piker referred to the iconic anti-piracy campaign that sought to use moral vibes (rather than rational arguments) against taking physical property to convince people to further control their impulses and not copy music without paying. The anti-piracy clip “You Wouldn’t Steal a Car” indicates an implicit assumption from 2004 that American society was broadly agreed on the stability of physical property. In other words, most Americans do not think “property is theft.”

In The Property Species, Professor Bart Wilson argues that property is not merely a legal construct but a deeply embedded social practice. Humans develop shared understandings of “mine” and “yours,” and these norms allow cooperation to scale beyond small groups. Property is not just about ownership. It is also about coordination.

From that perspective, the casual dismissal of theft as “not a big deal” is not morally or economically neutral. It chips away at the shared expectations that make exchange possible.

Markets rely on more than prices; they rely on trust that boundaries will be respected. This insight echoes a long tradition. Adam Smith, often invoked for his theory of the invisible hand of markets, also emphasized the importance of justice. Before markets can allocate resources efficiently, people must refrain from taking what is not theirs.

In my recent paper with Bart Wilson, “You Wouldn’t Steal a Car: Moral Intuition for Intellectual Property,” we test how people think about taking different types of goods. As I discussed in “Everyone Take Copies,” laboratory human subjects were quick to label the taking of physical property as “stealing.” The players all considered it unacceptable within their small group. No one wants their stuff taken, and every human has a concept of “mine.”

Much rule-following is done out of a sense of obligation, which might prove hard to recover if lost. Russ Roberts made a similar point years ago in his EconLog column on Napster-aided downloading as theft. He wrote:

“We know that the threat of being caught and punished isn’t the only reason that people pay legally for something rather than stealing it. There are costs of theft other than monetary costs. Some people feel guilty taking something for nothing. Culture and norms can be used to encourage socially beneficial behavior. After all, people leave tips even in restaurants and in taxis where repeat visits cannot explain such generosity. People choose not to litter even on a deserted mountain trail.”

Much of rule-following is voluntary. It is sustained by internalized norms, not external enforcement. That is why casual erosion of those norms should concern us.

What would Piker think of a world where the “microlooting” he claims to approve happens at scale? Ambiguity over property rights has real implications, such as stores raising prices to cover shrinkage or closing in high-crime neighborhoods. These costs are often borne disproportionately by  already disadvantaged populations.

Once norms deteriorate, rebuilding them is hard, both at neighborhood scale and the national level. This is easily visible in countries without strong property systems. Countries with weaker property rights struggle to attract investment and sustain economic growth. The difficulty of reversing that decline is not merely theoretical. It can be seen in the decades-long work of nations actively trying to repair their institutions. Colombia offers one such example. As Omar Hernandez notes in his discussion of the country’s reforms, building reliable property institutions is a long and difficult process.

Hernandez wrote, “Although Colombia has implemented reforms to improve the investment environment and strengthen respect for property, the path to more robust and reliable protection remains long.”

Hernandez, and many development economists, express the desire to move an entire group of people to an equilibrium of stronger property rights and less tolerance for theft.

“For Colombia to move toward a freer and more prosperous system, it is crucial to strengthen the institutions responsible for protecting these rights and to promote transparency in the titling and restitution processes. Only with a solid framework of property rights can the legal certainty needed to incentivize investment and economic development be guaranteed.”



Source link

Tags: CarHasanPikerSteal
ShareTweetShare
Previous Post

‘All of wealth management is going on sale’: Steward Partners CEO on M&A boom

Next Post

Kulicke & Soffa (KLIC): Advanced Packaging startet die nächste KI-Rallye!

Related Posts

Market Talk – July 10, 2026

Market Talk – July 10, 2026

by FeeOnlyNews.com
July 10, 2026
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 813.88 points or 1.20% to...

Coffee Break: More on American Science, Thomas Jefferson and AI, and Natural History for the Ages

Coffee Break: More on American Science, Thomas Jefferson and AI, and Natural History for the Ages

by FeeOnlyNews.com
July 10, 2026
0

Part the First: Beware of Resting on the Shoulders of Atlas.  Dr. Scott Atlas is a radiologist who is now...

Cloudflare Threatens to Cut Google Off From Their Publishers in Searches Due to AI Scraping

Cloudflare Threatens to Cut Google Off From Their Publishers in Searches Due to AI Scraping

by FeeOnlyNews.com
July 10, 2026
0

One of our big complaints about AI is that they steal our copyrighted content. On top of that, the intensity...

The Depression of 1784: Revolutionary Inflation and Post-Revolution Depression

The Depression of 1784: Revolutionary Inflation and Post-Revolution Depression

by FeeOnlyNews.com
July 10, 2026
0

For many Americans, even lovers of American history, myself included, there are certain blank spots and gaps in knowledge. While...

A Brief History of Strategic Tariffs in the U.S.

A Brief History of Strategic Tariffs in the U.S.

by FeeOnlyNews.com
July 10, 2026
0

A May 29 article in the IMF’s F&D Magazine argues in favor of using U.S. tariffs as a policy tool....

AI Investment Mania Has Begun to Percolate Through the Economy, and the Fed Has Begun to Fret About the Effects

AI Investment Mania Has Begun to Percolate Through the Economy, and the Fed Has Begun to Fret About the Effects

by FeeOnlyNews.com
July 10, 2026
0

Yves here. It is not at all like the Fed, or central banks generally to think much about possible asset...

Next Post
Kulicke & Soffa (KLIC): Advanced Packaging startet die nächste KI-Rallye!

Kulicke & Soffa (KLIC): Advanced Packaging startet die nächste KI-Rallye!

263. “We make 7k. Why do we feel poor?”

263. “We make $167k. Why do we feel poor?”

  • Trending
  • Comments
  • Latest
House backs an emergency brake on elder fraud

House backs an emergency brake on elder fraud

June 26, 2026
Entry-Level Rentals Are Disappearing—Here’s How Landlords Can Fill the Gap

Entry-Level Rentals Are Disappearing—Here’s How Landlords Can Fill the Gap

June 18, 2026
LPL surges in JD Power advisor satisfaction rankings

LPL surges in JD Power advisor satisfaction rankings

July 9, 2026
Iran war cost U.S. households ,000 each, top economist says

Iran war cost U.S. households $1,000 each, top economist says

July 1, 2026
A Saints legend is selling fans a piece of professional sports for 0

A Saints legend is selling fans a piece of professional sports for $500

June 20, 2026
Trump claims Iran deal is ‘unconditional surrender’: Axios

Trump claims Iran deal is ‘unconditional surrender’: Axios

June 18, 2026
Theater Kids and the Democratic Socialist Invasion

Theater Kids and the Democratic Socialist Invasion

0
Traders fall back in love with Meta. Here’s where bulls see it going

Traders fall back in love with Meta. Here’s where bulls see it going

0
Rami Levy’s Cando Drones completes TASE IPO

Rami Levy’s Cando Drones completes TASE IPO

0
If you invested ,000 in Bitcoin, Trump meme coin, and gold when Trump took office, here’s what you’d have today

If you invested $10,000 in Bitcoin, Trump meme coin, and gold when Trump took office, here’s what you’d have today

0
Cloudflare Threatens to Cut Google Off From Their Publishers in Searches Due to AI Scraping

Cloudflare Threatens to Cut Google Off From Their Publishers in Searches Due to AI Scraping

0
Circle Bags Approval To Launch First National Crypto Bank, CRCL Stock Shoots 10%

Circle Bags Approval To Launch First National Crypto Bank, CRCL Stock Shoots 10%

0
Apple sues OpenAI, alleging it stole trade secrets

Apple sues OpenAI, alleging it stole trade secrets

July 10, 2026
Friday File: Royalties and Commodities… plus “America’s Greatest Retirement Stock”

Friday File: Royalties and Commodities… plus “America’s Greatest Retirement Stock”

July 10, 2026
The quarterly report gets a rewrite: heroes, villains and a story arc

The quarterly report gets a rewrite: heroes, villains and a story arc

July 10, 2026
How Self-Service Travel Became Another Unpaid Job for Travelers

How Self-Service Travel Became Another Unpaid Job for Travelers

July 10, 2026
Market Talk – July 10, 2026

Market Talk – July 10, 2026

July 10, 2026
Ten Grocery Items You Can Get for Less than  shipped!

Ten Grocery Items You Can Get for Less than $2 shipped!

July 10, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Apple sues OpenAI, alleging it stole trade secrets
  • Friday File: Royalties and Commodities… plus “America’s Greatest Retirement Stock”
  • The quarterly report gets a rewrite: heroes, villains and a story arc
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.