The social security referendum in Uruguay reignited debates on the system’s sustainability and property rights. The proposal to eliminate AFAPs and transfer savings to the State raised economic uncertainty and philosophical concerns about the legitimacy of forced redistribution. From Locke to Nozick and Hayek, private property has been regarded as a pillar of individual freedom and progress. Policies that prioritize social justice over individual rights may have adverse effects on investment, employment, and the country’s legal stability. Continue reading Reflections on Property Rights