Simple and familiar forms of private property, with most restrictions and impositions on that right being imposed by governments, are the most common form of ownership in liberal democracies around the world. Most homes are owned by a single individual or family or by a single landlord who rents to another individual or family. Most non-governmental collective ownership takes the form of a standard joint stock company governed by the principle of one-share-one-vote and the maximization of shareholder value. While there are significant restrictions on the rights of private property owners based on community interests, these overwhelmingly take the form of regulations by a small number of governmental levels, such as national, provincial/state and local/city. These practices are in sharp contrast to the property regimes that have prevailed in most human societies throughout most of history, in which individual ownership was rarely absolutely institutionalized and a diversity of "traditional" expectations governed how possessions can rightly be used and exchanged. Such traditional structures were largely erased by modernity and colonialism as they attempted to pattern property into a marketable "commodity", allowing exchange and reuse for a much broader set of purposes than was possible within full social context.[^Polanyi] [^Polanyi]: Karl Polanyi, *The Great Transformation* (New York: Farrar & Rinehart, 1944).