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:
“Your children dont have equal talents now and they wont have equal opportunities later in life. You may be able to divide resources equally in childhood, but your best efforts wont succeed in shielding them from personal or physical crises. . . . Your heart will be broken a thousand times if you really expect to equalize your childrens happiness by striving to love them equally.”
—Marianne E. Neifert (20th century)
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—Derek Walcott (b. 1930)