What is the main function of property in society?

The main function of property in society is to enable personal rights and freedoms. Property rights are fundamental to the concept of individual liberty, allowing individuals to own, use, and transfer assets as they see fit. This autonomy is essential for personal development and entrepreneurship, facilitating economic and social mobility.

By securing property rights, societies empower individuals to make decisions about their possessions, which enhances personal responsibility and fosters a sense of ownership. The protection of these rights is significant in promoting trust and stability within social and economic interactions. Furthermore, property ownership can provide a platform for individuals to express themselves and cultivate their interests, contributing to a more vibrant and diverse society.

While generating wealth, establishing public parks, and limiting governmental power are indeed related to property in various ways, they do not encapsulate its primary function as well as the enabling of personal rights and freedoms.