Yes, I have read "Das Kapital"
And no, Private Property and Personal Property are not "one in the same"
And no, Private Property and Personal Property are not "one in the same"
Personal versus private property
In political/economic theory, notably socialist, Marxist, and most anarchist philosophies, the distinction between private and personal property is extremely important. Which items of property constitute which is open to debate. In some economic systems, such as capitalism, private and personal property are considered to be exactly equivalent.
In political/economic theory, notably socialist, Marxist, and most anarchist philosophies, the distinction between private and personal property is extremely important. Which items of property constitute which is open to debate. In some economic systems, such as capitalism, private and personal property are considered to be exactly equivalent.
- Personal property or possessions includes "items intended for personal use" (e.g., one's toothbrush, clothes, and vehicles, and sometimes rarely money).[3] It must be gained in a socially fair manner, and the owner has a distributive right to exclude others.
- Private property is a social relationship between the owner and persons deprived, i.e. not a relationship between person and thing. Private property may include artifacts, factories, mines, dams, infrastructure, natural vegetation, mountains, deserts and seas—these generate capital for the owner without the owner having to perform any labour. Conversely, those who perform labour using somebody else's private property are deprived of the value of their work, and are instead given a salary that is disjointed from the value generated by the worker.
- In Marxist theory, the term private property typically refers to capital or the means of production, while personal property refers to consumer and non-capital goods and services.[4][5]
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