John Locke has a second thought on private property

I was reading John Locke’s Two Treatises of Government. I haven’t finished it yet and I read fast. Here is just my impression. Correct me if I am wrong.

John Locke’s advocate of private property is based on the reasoning that no one can scale up the production big enough to exhaust the natural resources, and thus the private ownership of natural things because of the labor you applied allows a lot more values to be added to nature because of the incentive of private ownership. John Locke repeated again and again that the whole foundation of private ownership is because there is no danger of anyone scaling up the production to a level that will exclude other people from accessing the natural resources.

Well, that foundation has totally changed in our time, hasn’t it? I guess if John Locke is at our time now, he would have a second thought on private property, and with his rationale, he should be totally against private property. What do you think?

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