Personal Property - Personal Versus Private Property

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.

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Famous quotes containing the words personal, private and/or property:

    If society gives up the right to impose the death penalty, then self help will appear again and personal vendettas will be around the corner.
    Johann Wolfgang Von Goethe (1749–1832)

    Now, we deny not, but that politicians may sometimes abuse religion, and make it serve for the promoting of their own private interests and designs; which yet they could not do so well neither, were the thing itself a mere cheat and figment of their own, and had no reality at all in nature, nor anything solid at the bottom of it.
    Ralph J. Cudworth (1617–1688)

    Let’s call something a rigid designator if in every possible world it designates the same object, a non-rigid or accidental designator if that is not the case. Of course we don’t require that the objects exist in all possible worlds.... When we think of a property as essential to an object we usually mean that it is true of that object in any case where it would have existed. A rigid designator of a necessary existent can be called strongly rigid.
    Saul Kripke (b. 1940)