Personal Property Versus The Means of Production
In general, personal property is almost an extension of one's person and does include property from which one has the right to exclude others. Personal property is different to private property, however, in that it refers to things that are personal: objects with which one has a personal connection, making them important to one person while potentially worthless to the next. These objects can range from CDs to houses, depending on one's perspective, but definitions tend to include personal items such as clothing, books, food, or records.
From the socialist perspective, private property refers to capital or means of production that is owned by a business or few individuals and operated for their profit. Personal property refers to tangible items and possessions individuals own, as mentioned above. Socialism does not advocate the abolition of personal property, believing that it is an acceptable form of ownership of an item, unlike private property.
From the Marxist perspective, which is very similar to the socialist perspective, private property is a social relationship, not (as with personal property) a relationship between person and thing. It also describes personal property, as above, as those objects which are personal, or an extension of one's self. The Marxist perspective also does not advocate the abolition of personal property: it believes that it is only private property that should be done away with.
In capitalism there is little distinction between personal and private property.
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Famous quotes containing the words personal property, personal, property, means and/or production:
“I am what is mine. Personality is the original personal property.”
—Norman O. Brown (b. 1913)
“He hadn’t known me fifteen minutes, and yet he was ... ready to talk ... I was still to learn that Munshin, like many people from the capital, could talk openly about his personal life while remaining a dream of espionage in his business operations.”
—Norman Mailer (b. 1923)
“It is clearly better that property should be private, but the use of it common; and the special business of the legislator is to create in men this benevolent disposition.”
—Aristotle (384–322 B.C.)
“The woman and the genius do not work. Up to now, woman has been mankind’s supreme luxury. In all those moments when we do our best, we do not work. Work is merely a means to these moments.”
—Friedrich Nietzsche (1844–1900)
“The production of obscurity in Paris compares to the production of motor cars in Detroit in the great period of American industry.”
—Ernest Gellner (b. 1925)