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:

    Denouement to denouement, he took a personal pride in the
    certain, certain way he lived his own, private life,
    but nevertheless, they shut off his gas; nevertheless,
    the bank foreclosed; nevertheless, the landlord called;
    nevertheless, the radio broke,

    And twelve o’clock arrived just once too often,
    Kenneth Fearing (1902–1961)

    The white man regards the universe as a gigantic machine hurtling through time and space to its final destruction: individuals in it are but tiny organisms with private lives that lead to private deaths: personal power, success and fame are the absolute measures of values, the things to live for. This outlook on life divides the universe into a host of individual little entities which cannot help being in constant conflict thereby hastening the approach of the hour of their final destruction.
    Policy statement, 1944, of the Youth League of the African National Congress. pt. 2, ch. 4, Fatima Meer, Higher than Hope (1988)

    All over this land women have no political existence. Laws pass over our heads that we can not unmake. Our property is taken from us without our consent. The babes we bear in anguish and carry in our arms are not ours.
    Lucy Stone (1818–1893)