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In political/economic theory, notably socialist, Marxist and anarchist philosophies, the distinction between private and personal property is extremely important. Which items of property constitute which is open to debate. Personal property includes "items intended for personal use."[3] (e.g., clothes, homes, & vehicles.[3] Some include money.[4]) It must be gained in a socially fair manner, & the owner has a distributive right to exclude others. Private property is a social relationship between the owner & persons deprived. (Not a relationship between person & thing.) e.g., artifacts, factories, mines, dams, infrastructure, natural vegetation, mountains, deserts, seas, etc. Marxism holds that a process of class conflict and revolutionary struggle will result in victory for the proletariat and the establishment of a communist society in which private property and ownership is abolished over time and the means of production and subsistence belong to the community. (Private property and ownership, in this context, means ownerships of the means of production, not private possessions). 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[citation needed]. |
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