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'''Private property''', not to be confused with | '''Private property''', not to be confused with individual property or [[personal property]], describes a labor relationship to the [[means of production]]. As a concept, private ownership of property can exist only in the specific context of a political system which defines how it exists and how it can be used. | ||
Under [[capitalism]], a right to private property is not based on | Under [[capitalism]], a right to private property is not based on one's own labor (as in one form of individual property) but appropriation of the products of the labor of others. [[Marxism]] seeks to abolish the private property of the [[bourgeoisie]]; however, it does not need to abolish the property of small [[Peasantry|peasants]] and artisans because the bourgeoisie is already expropriating them and turning them into [[Proletariat|proletarians]]. Most people in capitalist countries have no private property due to this process.<ref>{{Citation|author=[[Karl Marx]], [[Friedrich Engels]]|year=1848|title=Communist Manifesto|mia=https://www.marxists.org/archive/marx/works/1847/11/prin-com.htm|chapter=Proletarians and Communists|chapter-url=https://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch02.htm}}</ref> | ||
== History == | == History == | ||
Bourgeois private property developed at the end of [[feudalism]] when feudal and [[guild]] labor reached their limits. A new [[Social class|class]] of industrialists developed and gradually expropriated peasants, guild members, and manufacturing workers, turning them into propertyless proletarians. The first private property was sheep-farming land in England.<ref name=":0">{{Video citation|url=https://en.prolewiki.org/wiki/Library:Is_capitalism_devouring_democracy%3F|channel=Yanis Varoufakis|title=Is Capitalism Devouring Democracy?}}</ref> During that time the personal property of English serfs was mass privatized by an alliance of lords and capitalists. The serfs who had their property appropriated became the first proletarians.<ref name=":0" /> | |||
At the end of [[capitalism]], the proletariat overthrows the bourgeoisie and abolishes private property as the [[productive forces]] grow.<ref>{{Citation|author=[[Friedrich Engels]]|year=1847|title=The Principles of Communism|mia=https://www.marxists.org/archive/marx/works/1847/11/prin-com.htm}}</ref> | At the end of [[capitalism]], the proletariat overthrows the bourgeoisie and abolishes private property as the [[productive forces]] grow.<ref>{{Citation|author=[[Friedrich Engels]]|year=1847|title=The Principles of Communism|mia=https://www.marxists.org/archive/marx/works/1847/11/prin-com.htm}}</ref> | ||
Latest revision as of 11:09, 4 December 2024
Private property, not to be confused with individual property or personal property, describes a labor relationship to the means of production. As a concept, private ownership of property can exist only in the specific context of a political system which defines how it exists and how it can be used.
Under capitalism, a right to private property is not based on one's own labor (as in one form of individual property) but appropriation of the products of the labor of others. Marxism seeks to abolish the private property of the bourgeoisie; however, it does not need to abolish the property of small peasants and artisans because the bourgeoisie is already expropriating them and turning them into proletarians. Most people in capitalist countries have no private property due to this process.[1]
History[edit | edit source]
Bourgeois private property developed at the end of feudalism when feudal and guild labor reached their limits. A new class of industrialists developed and gradually expropriated peasants, guild members, and manufacturing workers, turning them into propertyless proletarians. The first private property was sheep-farming land in England.[2] During that time the personal property of English serfs was mass privatized by an alliance of lords and capitalists. The serfs who had their property appropriated became the first proletarians.[2]
At the end of capitalism, the proletariat overthrows the bourgeoisie and abolishes private property as the productive forces grow.[3]
References[edit | edit source]
- ↑ Karl Marx, Friedrich Engels (1848). Communist Manifesto: 'Proletarians and Communists'. [MIA]
- ↑ 2.0 2.1 Yanis Varoufakis. "Is Capitalism Devouring Democracy?".
- ↑ Friedrich Engels (1847). The Principles of Communism. [MIA]