Personal Versus Private Property
In political/economic theory, notably socialist (including anarchist) philosophies, the distinction between private and personal property is extremely important. Which items of property constitute which is open to debate.
- Personal property is part of your person and includes property from which you have the right to exclude others (e.g., televisions, cars, clothes, etc.)
- Private property is a social relationship, not a relationship between person and thing according to Marx (e.g., factories, mines, dams, infrastructure, etc.). In capitalism there is no distinction between personal and private property.
- To many socialists, the term private property refers to capital or the means of production, while personal property refers to consumer and non-capital goods and services.
Read more about this topic: Personal Property
Famous quotes containing the words personal, private and/or property:
“It has no share in the leadership of thought: it does not even reflect its current. It does not create beauty: it apes fashion. It does not produce personal skill: our actors and actresses, with the exception of a few persons with natural gifts and graces, mostly miscultivated or half-cultivated, are simply the middle-class section of the residuum.”
—George Bernard Shaw (1856–1950)
“When private men shall act with original views, the lustre will be transferred from the actions of kings to those of gentlemen.”
—Ralph Waldo Emerson (1803–1882)
“The diversity in the faculties of men, from which the rights of property originate, is not less an insuperable obstacle to a uniformity of interests. The protection of these faculties is the first object of government.”
—James Madison (1751–1836)