You go on [to say] that, "third, without private property as a basis for the system, you can't have the kind of democracy, individual rights etc. that we've grown accustomed to and human beings seem to want." This is standard fare, another assertion without support, and incredible at that. You want us to believe merely on saying it is the case that unless individuals are welcomed to amass huge fortunes which give them vast powers over the life and death of employees and consumers alike, we won't have democracy. What is the connection, even a tenuous one, supporting such a claim? You state it, but as above you provide no reason, relying only on the familiarity of the refrain. In fact, there is no positive connection between Bill Gates owning billions which give him the wherewithal to push around whole nations, and each citizen having a fair say in political and economic decisions. Quite the contrary, of course, the former obstructs the latter.