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Private property in the means of production is the central element of capitalism criticized by socialists. In Marxist literature, private property refers to a social relationship in which the property owner takes possession of anything that another person or group produces with that property and capitalism depends on private property. [19]
From a non-Marxist, market socialist perspective, the clearest benefit of social ownership is an equalization of the distribution of property income, eliminating the vast disparities in wealth that arise from private ownership under capitalism. Property income (profit, interest and rent) is distinguished from labor income (wages and salaries ...
Anarcho-communism is a political philosophy and anarchist school of thought which advocates the abolition of the state, capitalism, wage labour, social hierarchies and private property (while retaining respect for personal property, along with collectively-owned items, goods and services) in favor of common ownership of the means of production ...
Singh asserts that many hunter gatherers, including the Andaman Islanders and Northern Paiute, recognized private ownership over land and trees, and claims that all hunter gatherers had private property, but provides examples that Marx and subsequent theorists label as personal property, not private property, such as personal "bows, arrows ...
Society for Marx is the sum total of social relations connecting its members. Social relations of production in Marx's sense refer to (often legally encoded) ownership and control relations pertaining to society's productive assets,
Marx distinguishes social classes based on two criteria, i.e. ownership of means of production and control over the labour power of others. Following this criterion of class based on property relations, Marx identified the social stratification of the capitalist mode of production with the following social groups:
Advocates make a distinction between collective ownership and common property (the commons) as the former refers to property owned jointly by agreement of a set of colleagues, such as producer cooperatives, whereas the latter refers to assets that are completely open for access, such as a public park freely available to everyone. [1] [2]
To this modern private property corresponds the modern State, which, purchased gradually by the owners of property by means of taxation, has fallen entirely into their hands through the national debt, and its existence has become wholly dependent on the commercial credit which the owners of property, the bourgeois, extend to it, as reflected in ...