Monday, May 23, 2016

The difference between private and personal property, or Personal property is not social property

The Communist Manifesto calls for the "Abolition of private property." It also says, "When, therefore, capital is converted into common property, into the property of all members of society, personal property is not thereby transformed into social property."

Even under capitalism, we have some examples of social property—parks, police departments, libraries, and government buildings that are owned by the people and controlled by what Lincoln called a "government of the people, by the people, for the people."

Personal property consists of things everyone should be able to have: clothes, toys, books, tools, etc. It's what you personally use and your home is probably filled with. Private property consists of things capitalists own and exploit commercially: land, factories, corporations, etc. Private property falls under the category of "the means of production", and what private property produces is capital for its owner. Socialists want to turn private property into social property so we will all be owners of the means of production and everyone will benefit equally.

Recommended: End Private Property, Not Kenny Loggins | Jacobin