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:

    The terrible thing is that one cannot be a Communist and not let oneself in for the shameful act of recantation. One cannot be a Communist and preserve an iota of one’s personal integrity.
    Milovan Djilas (b. 1911)

    Consider any individual at any period of his life, and you will always find him preoccupied with fresh plans to increase his comfort. Do not talk to him about the interests and rights of the human race; that little private business of his for the moment absorbs all his thoughts, and he hopes that public disturbances can be put off to some other time.
    Alexis de Tocqueville (1805–1859)

    The charming landscape which I saw this morning is indubitably made up of some twenty or thirty farms. Miller owns this field, Locke that, and Manning the woodland beyond. But none of them owns the landscape. There is property in the horizon which no man has but he whose eye can integrate all parts, that is, the poet. This is the best part of these men’s farms, yet to this their warranty-deeds give no title.
    Ralph Waldo Emerson (1803–1882)