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:
“It is very certain that each man carries in his eye the exact indication of his rank in the immense scale of men, and we are always learning to read it. A complete man should need no auxiliaries to his personal presence.”
—Ralph Waldo Emerson (1803–1882)
“Now, we deny not, but that politicians may sometimes abuse religion, and make it serve for the promoting of their own private interests and designs; which yet they could not do so well neither, were the thing itself a mere cheat and figment of their own, and had no reality at all in nature, nor anything solid at the bottom of it.”
—Ralph J. Cudworth (1617–1688)
“For experience showed her that she had not, by marrying a man of a large fortune, obtained any great proportion of property which she could call her own or command at her pleasure.”
—Sarah Fielding (1710–1768)