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:
“Wilson adventured for the whole of the human race. Not as a servant, but as a champion. So pure was this motive, so unflecked with anything that his worst enemies could find, except the mildest and most excusable, a personal vanity, practically the minimum to be human, that in a sense his adventure is that of humanity itself. In Wilson, the whole of mankind breaks camp, sets out from home and wrestles with the universe and its gods.”
—William Bolitho (1890–1930)
“The decision to have a child is both a private and a public decision, for children are our collective future.”
—Sylvia Ann Hewitt (20th century)
“Those whom the gods chose as their property must not consort with mortals.”
—Franz Grillparzer (1791–1872)