Private property: Difference between revisions
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{{ | {{Quote|text="The distinguishing feature of [[communism]] is not the abolition of property generally, but the abolition of [[Bourgeoisie|bourgeois]] property. But modern bourgeois private property is the final and most complete expression of the system of producing and appropriating products that is based on [[Class struggle|class antagonisms]], on the exploitation of the [[Proletariat|many]] by the few."|author=[[Karl Marx|Marx]] and [[Engels]]|title=''[[Manifesto of the Communist Party]]''|source=''Proletarians and Communists''}} | ||
'''Private property''' refers to any object which is legally owned by a single private agent. Private property is distinct from other forms of [[property]] such as [[state property]] or [[common property]]. | '''Private property''' refers to any object which is legally owned by a single private agent. Private property is distinct from other forms of [[property]] such as [[state property]] or [[common property]]. | ||
[[Capitalism]] depends on the existence of private property norms, especially with regards to the ownership of [[capital]]. Private property also has existed, in distinct forms, in [[feudalism|feudal]] and [[Ancient slavery|slave societies]]. | [[Capitalism]] depends on the existence of private property norms, especially with regards to the ownership of [[capital]]. Private property also has existed, in distinct forms, in [[feudalism|feudal]] and [[Ancient slavery|slave societies]].{{Stub}} | ||
[[category:economics]] | [[category:economics]] | ||
[[category:law]] | [[category:law]] | ||
[[Category:Capitalism]] | |||
Latest revision as of 22:08, 22 April 2024
"The distinguishing feature of communism is not the abolition of property generally, but the abolition of bourgeois property. But modern bourgeois private property is the final and most complete expression of the system of producing and appropriating products that is based on class antagonisms, on the exploitation of the many by the few."
Private property refers to any object which is legally owned by a single private agent. Private property is distinct from other forms of property such as state property or common property.
Capitalism depends on the existence of private property norms, especially with regards to the ownership of capital. Private property also has existed, in distinct forms, in feudal and slave societies.