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 private property, personal, 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)

    Oh, what a catastrophe for man when he cut himself off from the rhythm of the year, from his unison with the sun and the earth. Oh, what a catastrophe, what a maiming of love when it was a personal, merely personal feeling, taken away from the rising and the setting of the sun, and cut off from the magic connection of the solstice and the equinox!
    —D.H. (David Herbert)

    Old politicians, like old actors, revive in the limelight. The vacancy which afflicts them in private momentarily lifts when, once more, they feel the eyes of an audience upon them. Their old passion for holding the centre of the stage guides their uncertain footsteps to where the footlights shine, and summons up a wintry smile when the curtain rises.
    Malcolm Muggeridge (1903–1990)

    Children are potentially free and their life directly embodies nothing save potential freedom. Consequently they are not things and cannot be the property either of their parents or others.
    Georg Wilhelm Friedrich Hegel (1770–1831)