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:
“Glamour cannot exist without personal social envy being a common and widespread emotion.”
—John Berger (b. 1926)
“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)
“The awareness of the all-surpassing importance of social groups is now general property in America.”
—Johan Huizinga (1872–1945)