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Non-recognition by a sovereign is no basis to rejecting ownership titles. An ownership title is vested by the dint of application of one's labour and not because of recognition by a sovereign or not. The labour has to be justly applied and not through application of force or through an act of theft. I am owner of a car I build because of the above principle - not because the sovereign recognized my ownership. Well, my view is again a philosophy that I subscribe to.
I can bet on my life that my philosophy is what will usher in world peace, and your philosophy will only result in creating a system which is wrested between sovereigns with waxing and waning amounts of force.
I'll also tell you what your line of thinking and what your philosophy entails - Nazism. As per Nazis, jews were sub-humans who had no right of existence. As per your philosophy, it was okay for Nazis to kill jews because the prevailing sovereign of that time did not recognize their right of existence. Congratulations - you just legitimized the holocaust and many others preceding it.
I'd shudder to think of the value systems you have been raised on.