3 ms·
Even capitalistic authors (e.g. Adam Smith) distinguish land ownership and capital ownership. So the fact that land ownership had special status in history does
by zajio1am 4y ago
Even capitalistic authors (e.g. Adam Smith) distinguish land ownership and capital ownership. So the fact that land ownership had special status in history does not say much about 'regular' private property.
There is no practical difference between personal property and private property. If i have lathe in my workshop that i use just for hobby purposes, then it is personal property. If i started business, put that lathe in that business and use it for work, then it is private property / capital. But in both cases it is the same lathe that someone has to produce, someone has to pay for it, someone has to maintain it and can be bought and sold on open market.