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:
“... religion can only change when the emotions which fill it are changed; and the religion of personal fear remains nearly at the level of the savage.”
—George Eliot [Mary Ann (or Marian)
“I am sure that in estimating every man’s value either in private or public life, a pure integrity is the quality we take first into calculation, and that learning and talents are only the second.”
—Thomas Jefferson (1743–1826)
“Let the amelioration in our laws of property proceed from the concession of the rich, not from the grasping of the poor. Let us understand that the equitable rule is, that no one should take more than his share, let him be ever so rich.”
—Ralph Waldo Emerson (1803–1882)