Private Property

Private property is the employment, control, ownership, ability to dispose of, and bequeath land, capital, and other forms of property by legal persons and privately owned firms. Private property is distinguishable from public property and collective property, which refers to assets owned by a state, community or government rather than by individuals or a business entity. Private property emerged as the dominant form of property in the means of production and land during the Industrial Revolution in the early 18th century, displacing feudal property, guilds, cottage industry and craft production, which were based on ownership of the tools for production by individual laborers or guilds of craftspeople.

In Marxian economics and socialist politics, there is distinction between "private property" and "personal property". The former is defined as the means of production in reference to private ownership over an economic enterprise based on socialized production and wage labor; the latter is defined as consumer goods or goods produced by an individual. Prior to the 18th century, private property usually referred to land ownership.

The concept of property is not equivalent to that of possession. According to Phillip O'Hara, property and ownership refer to a socially constructed circumstance conferred upon individuals or collective entities by the state, whereas possession is a physical phenomenon.

Read more about Private Property:  Personal Property Versus The Means of Production

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... wealth redistribution whilst maintaining the essence of private property ... the ejido-system was created, which in practice should comprise the power of private investments by foreign corporations and absentee landlords, and entitled the indigenous ... The compromise recognized the right of individuals to own private property and of associations, whether Indian or other, to similarly own property, thereby allowing ...
Commies - Marxist Communism - Marxism
... Exploitation Human nature Ideology Immiseration Proletariat Private property Relations of production Reification Working class History Marx's theory of history Historical materialism Historical determinism ... 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) ...
Controversies Within Libertarianism - Philosophy - Propertarianism
... group aggresses against any other person or group, where aggression is defined as the violation of private property ... This philosophy implicitly recognizes private property as the sole source of legitimate authority ... libertarians hold that an order of private property is the only one that is both ethical and leads to the best possible outcomes ...
Legality Of Recording By Civilians
... The laws regarding the recording of other persons and property by means of still photography, videography, and audio recording vary by location ... places, it is common for the recording of public property, persons within the public domain, and of private property visible or audible from the public domain to be legal ... be local laws and policies governing the specific landmark or property on which one seeks to photograph ...
Private Property - Personal Property Versus The Means of Production
... In general, personal property is almost an extension of one's person and does include property from which one has the right to exclude others ... Personal property is different to private property, however, in that it refers to things that are personal objects with which one has a personal connection ... From the socialist perspective, private property refers to capital or means of production that is owned by a business or few individuals and operated for their profit ...

Famous quotes containing the words property and/or private:

    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)

    One can describe a landscape in many different words and sentences, but one would not normally cut up a picture of a landscape and rearrange it in different patterns in order to describe it in different ways. Because a photograph is not composed of discrete units strung out in a linear row of meaningful pieces, we do not understand it by looking at one element after another in a set sequence. The photograph is understood in one act of seeing; it is perceived in a gestalt.
    Joshua Meyrowitz, U.S. educator, media critic. “The Blurring of Public and Private Behaviors,” No Sense of Place: The Impact of Electronic Media on Social Behavior, Oxford University Press (1985)