private property

property

privacy

sign

eminent domain

is (as the idea that land is subject to ownership and control) the foundation of modern society.

Land: A part of the earth's surface, considered as property. The theory that land is property subject to private ownership and control is the foundation of modern society, and is eminently worthy of the superstructure.

is a system whereby each tries to establish over the other an alien power, so as thereby to find satisfaction of his own selfish need. The increase in the quantity of objects is therefore accompanied by an extension of the realm of the alien powers to which man is subjected, and every new product represents a new potentiality of mutual swindling and mutual plundering.

Under private property, each tries to establish over the other an alien power, so as thereby to find satisfaction of his own selfish need. The increase in the quantity of objects is therefore accompanied by an extension of the realm of the alien powers to which man is subjected, and every new product represents a new potentiality of mutual swindling and mutual plundering. Karl Marx

is a threat to individualism in that, by having made gain, not growth its aim, man has come to think the important thing is to have, and has forgotten that the important thing is to be.

[T]he recognition of private property has really harmed Individualism, and obscured it, by confusing a man with what he possesses. It has led Individualism entirely astray. It has made gain, not growth its aim. So that man thought that the important thing is to have, and did not know that the important thing is to be. Oscar Wilde

is, along with well-being, the seat of the justification of the government's authorty. When such protection is no longer present, the social compact can be dissolved.

In other words, the justification of the authority of the executive component of government is the protection of the people's property and well-being, so when such protection is no longer present, or when the king becomes a tyrant and acts against the interests of the people, they have a right, if not an outright obligation, to resist his authority. The social compact can be dissolved and the process to create political society begun anew.(internet encyclopedia social contract).

is at the root of the establishment of government, which fossilizes the very inequalities that private property has produced.

Eventually, those who have property notice that it would be in their interests to create a government that would protect private property from those who do not have it but can see that they might be able to acquire it by force. So, government gets established, through a contract, which purports to guarantee equality and protection for all, even though its true purpose is to fossilize the very inequalities that private property has produced. (internet encyclopedia social contract).

is created when a person mixes his labor with the raw materials of nature -(I.E when he makes a piece of land into farmland).

According to Locke, private property is created when a person mixes his labor with the raw materials of nature. So, for example, when one tills a piece of land in nature, and makes it into a piece of farmland, which produces food, then one has a claim to own that piece of land and the food produced upon it. (internet encyclopedia social contract).

is justified in that it is mixing one's labor with external natural materials, thus internalizing them and affording those materials the same rights as one's body itself.

John Locke's logical justification for property rights, in that 'mixing one's labor' with external natural materials internalizes them and affords those materials the same rights as one's body itself.[3]' (wikpedia)

is key in establishing business and opening up the possibility for capital markets because as long as land was private, it could be used as collateral with banking, and credit institutions.

Property rights were key in establishing meaningful businesses, and it also solidified the banking business and the business of extending credit, because now an institution could lend you money with your land or business as collateral. It could seize your land, but only if you screwed up big time. But just the fact that the King couldn't take your property away opened up the possibility of capital markets. (Kessler 2004 : 66)

private property, n.All

private property