Sunday, January 31, 2010

Locke in the News

In an article that I read in the Chicago Suntimes titled, "Target aiming at Carson's site?", it discusses how the Target Corportion has become interested in buying the old Carson's store on State Street. They are discussing the opportunity of placing a Target which would include a grocery section. The old Carson's store has had many offers from different companies, but no one has actually bought the entire store, people only have offices on some of the floors which includes a Stir-fry resturant. The Carsons closed in 2007 because it was not producing enough sales for the company. The entire building is 1 million square feet. By owning this property, Target could expand their private property and add value to their company.
This article relates to Locke in the sense that when we have common property and when people put labor into it, it becomes their own property which is what Target is thinking about doing to this store. They are going to put the labor into this store in order to change it to a Target store which offer people alot of different things and possibly make their grocery shopping alot easier. This common property is going to become their own property through labor. Locke also says that when we buy something, we are buying the labor that comes associated with that property. So if Target decides to buy this entire building, they are buying all the labor that comes with it from the previous businesses.



Heres the link to the article: www.suntimes.com/business/1995196,CST-NWS-target17.article

9 comments:

  1. I agree with you. If Target buys the old Carson's building they will definitely own it. By changing the interior layout to fit Target's needs to open a store, they will own it because they instilled their labor on it.

    I don't remember Locke talking much about buying something and therefore paying to do the labor that it takes to keep it, but you make a really good point. What I do remember Locke talking about is the idea that when you buy something you are paying for the labor it took to produce that good or service.

    ReplyDelete
  2. I would have to disagree. According to Locke, if this property belonged to another entity at one, in this case Carson's then they are the ones that initially took what was a public commodity and privatized it. I don't recall Locke commenting on the use of money when its buying something that was once another company's private property.

    I do however agree with you in the respect that target is using their power in the right ways to expand production which increases their power in society.

    ReplyDelete
  3. According to Locke, when we purchase something, we are paying for the labor value; the labor needed to procure that thing. In this sense, when Target buys the Carson site, they are paying for some sort of labor value. That may be Carson's labor in developing the property or otherwise.

    Locke, keeping in tune with his industriousness, would probably promote Target's purchase. Since the site isn't being utilized to it's potential, Target's added labor into the site would result in increased productivity in the land.

    ReplyDelete
  4. I would have to agree with Brian up there. In Locke's sense, the land is being wasted right now. It's just sitting there and packing dust. No one is really using it (at least I'm pretty sure it's not being used at the moment). Therefore the land is being spoiled. If Target decides to pay for it and instill their labor into turning it into a superstore that will allow people to be able to purchase essentials, then by all means Target has the right to do so.

    I would say, let Target by the vacant space. I for one would love a super-store Target in the middle of downtown. I've been to one with a grocery section. It was called "Super Target" Quite interesting.

    ReplyDelete
  5. I agree with your opinion regarding Target purchasing the Carson's building. Locke says that if one purchases something you are paying for the labor that was put into it. If Target buys the building it is paying for the labor that was put into that building previously. Locke would say that is perfectly fine. If Target does buy the building they not only would be paying for the labor that was put into it but also they would most likely put more work into it. If they expand it more or renovate the inside then they are instilling work in it, therefore making the property their own. They own it.

    ReplyDelete
  6. According to Lockes view on labor and private property I think he would say that the Carsons could eventually be Targets private property. If they purchased the Carsons building, I agree with you on how you said they are purchasing the labor that the Carsons company had put into the building. Although Target can then turn around and put their own labor into the building, which could raise the price of the building in the future if Target would want to turn around and sell it. The Carson building would become Targets either way,if they purchase it from them or instill their labor into it.

    ReplyDelete
  7. I agree with your post, by Target buying Carson's yes it gives them ownership, and that includes the labor that had already been instilled into the company and actual building. The building also houses paid employees does this also give them (Target) ownership of the employees? Are they considered property as it pertains to buying labor already placed into the company? Or would Locke say that the building is already owned by the employess who instill there labor every day into the company?

    ReplyDelete
  8. I think this a great idea about opening a target on state street it is a good idea for them because it will increase their amount of sales and it will bring more jobs to the chicagoland area. It will also introduce a new line which would be the fruits and vegetables like a regular supermarket. I agree with you that this will be owned by target because they are going to work the store and rebuild it they are going to mold it into their own.

    ReplyDelete
  9. I to agree about Target opening another location off of state street. It will bring fresh produce as well as new merchandise and new job opportunities to Chicago. And i also agree on how target is putting in their own labor into the Carson building. If they buy it then they are paying for the labor involved in making Carson what it is today. Add a little bit of work and you can change Carson into Target.

    ReplyDelete