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:
“In the twentieth century one of the most personal relationships to have developed is that of the person and the state.... It’s become a fact of life that governments have become very intimate with people, most always to their detriment.”
—E.L. (Edgar Lawrence)
“The house waited on your private beach
each day,
when you had the time to return to her.
And you so often had the time,
even when fury blew out her chimney,
even when love lifted the shingles....”
—Anne Sexton (1928–1974)
“Thieves respect property. They merely wish the property to become their property that they may more perfectly respect it.”
—Gilbert Keith Chesterton (1874–1936)