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:
“I leave the governor’s office next week, and with it public life ... [which] has been on the whole a pleasant one. But for ten years and over my salaries have not equalled my expenses, and there has been a feeling of responsibility, a lack of independence, and a necessary neglect of my family and personal interests and comfort, which make the prospect of a change comfortable to think of.”
—Rutherford Birchard Hayes (1822–1893)
“stop the darkness and its amputations
and find the real McCoy
in the private holiness
of my hands.”
—Anne Sexton (1928–1974)
“In the Greek cities, it was reckoned profane, that any person should pretend a property in a work of art, which belonged to all who could behold it.”
—Ralph Waldo Emerson (1803–1882)