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 believe that the highest virtue is to be happy, living in the greatest truth, not submitting to the falsehood of these personal times.”
—D.H. (David Herbert)
“The private buildings [of Virginia] are very rarely constructed of stone or brick; much the greatest proportion being of scantling and boards, plastered with lime. It is impossible to devise things more ugly, uncomfortable, and happily more perishable.”
—Thomas Jefferson (1743–1826)
“As a man is said to have a right to his property, he may equally be said to have a property in his rights.”
—James Madison (1751–1836)