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:
“[The election] ... was an event in which, so far as the personal side is concerned, the victory was to him who lost and the defeat to him who won. I can say that never in the last fifteen years have I had the peace of mind that I have since the election. I have almost a feeling of elation.”
—Herbert Hoover (1874–1964)
“The private citizen, beset by partisan appeals for the loan of his Public Opinion, will soon see, perhaps, that these appeals are not a compliment to his intelligence, but an imposition on his good nature and an insult to his sense of evidence.”
—Walter Lippmann (1889–1974)
“Those whom the gods chose as their property must not consort with mortals.”
—Franz Grillparzer (1791–1872)