Private Property
The Marxist concept of private property gives the basis for Marx's theory. "Private property" in the terminology of Marx's time, for Marx himself, and for Marxists sometimes today, does not mean the simple possessions of a person, but the ownership of productive property or property which produces a profit for the owner, such as corporate ownership, share ownership, land ownership, and - in the case of slave society - slave ownership (since slaves work the land, mines and other means of producing the material means of existence).
Read more about this topic: Marx's Theory Of History
Famous quotes containing the words private property, private and/or property:
“Private property is held sacred in all good governments, and particularly in our own. Yet shall the fear of invading it prevent a general from marching his army over a cornfield or burning a house which protects the enemy? A thousand other instances might be cited to show that laws must sometimes be silent when necessity speaks.”
—Andrew Jackson (1767–1845)
“All men, in the abstract, are just and good; what hinders them, in the particular, is, the momentary predominance of the finite and individual over the general truth. The condition of our incarnation in a private self, seems to be, a perpetual tendency to prefer the private law, to obey the private impulse, to the exclusion of the law of the universal being.”
—Ralph Waldo Emerson (1803–1882)
“By rendering the labor of one, the property of the other, they cherish pride, luxury, and vanity on one side; on the other, vice and servility, or hatred and revolt.”
—James Madison (1751–1836)