Locke‟s role as the intellectual father of modern liberal capitalism arose from his assertion of private property rights as „natural‟ and therefore secure, being the basis on which government was constructed (Henry, 1999). Locke‟s radicalism in redefining property as the „right‟ that justified the state foreshadowed the economic justification for the state as a means for promoting efficiency through public goods. Individuals abandoned „the state of nature‟ not because life in it was „solitary, poor, nasty, brutish, and short‟, but because it was economically inefficient in limiting profits, „the fruits of labour‟. All people are born potential entrepreneurs, having a natural property at least in their own labour, and entitled to an equal share of liberty, a „level playing field‟. But inequalities in private property arise: first „naturally‟ from different natural endowments of individuals‟ rationality, energy and intellect, and then from the invention of money that had ended the natural limit on physical control over perishable natural assets.