Property-owning democracies (PODs), as articulated by John Rawls (2009), envision
societies where widespread ownership of productive assets fosters economic stability,
political participation, and a more equitable distribution of wealth and power.
However, the traditional focus of PODs on material wealth is increasingly recognized
as inadequate, as it fails to address persistent inequalities and the multifaceted nature
of well-being. This thesis proposes a paradigm shift in understanding wealth within
property-owning democracies, moving from a narrow focus on material possessions
towards a relational theory of wealth. This theory posits that wealth is not solely an
individual attribute but is fundamentally relational, shaped by social interactions,
institutions, and power dynamics.
Embracing Substantive Equality: A Relational Theory of Wealth for Property- Owning Democracies
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