Prof. Stoyan Stavru, DSc.
Bulgarian Academy of Sciences (Bulgaria)
https://doi.org/10.53656/phil2024-01-02
Abstract. The article examines the concept of “revolving ownership” as a metamodel of property, whose structure allows for the interchange (rotation) of diverse components included in it, each capable of achieving different objectives through varied means. It is noted that the metamodel of revolving ownership can be utilized in the creation and structuring of property models over specific entities, necessitating consideration of specific social and environmental factors. In this context, a distinction is made between yang-ownership (“classic” private ownership
used as an instrument for growth through extraction and accumulation, analogous
to so-called “extractive” ownership) and yin-ownership (engaged possession involving a healthful balance between rights and obligations, i.e., flexible distribution of various components aimed at achieving sustainable equilibrium, analogous to the so-called “generative” ownership). The thesis is presented that the sooner the “proprietary” nature of yang-ownership is overcome, yielding to its dominance through the integration of balancing yin-components, the more easily and effectively legal professionals can propose novel and diverse ownership models. The recognition and acknowledgment of the complexity of nature imply greater intricacy in contemporary property law. It is time for property law to reconsider its unquestionable axioms and seek an appropriate solution to the challenges humanity faces today.
Keywords: ownership; growth; property; ecology, ethics
