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'''Private | '''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<ref>https://www.jstor.org/stable/10.1163/j.ctt1w8h23p.19</ref>. | 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<ref>https://www.jstor.org/stable/10.1163/j.ctt1w8h23p.19</ref>. | ||
Revision as of 07:54, 24 November 2020
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[1].