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:
“Picture the prince, such as most of them are today: a man ignorant of the law, well-nigh an enemy to his people’s advantage, while intent on his personal convenience, a dedicated voluptuary, a hater of learning, freedom and truth, without a thought for the interests of his country, and measuring everything in terms of his own profit and desires.”
—Desiderius Erasmus (c. 1466–1536)
“I feel about exercise the same way that I feel about a few other things: that there is nothing wrong with it if it is done in private by consenting adults.”
—Anna Quindlen (b. 1952)
“No man acquires property without acquiring with it a little arithmetic, also.”
—Ralph Waldo Emerson (1803–1882)