Understanding The Concept of Property

Google+ Pinterest LinkedIn Tumblr +

Understanding the concept of property  

Part 1

S J Tubrazy

The common understanding of property within western societies is the right  to exclusive ownership and control of a specified object. In a legal sense property is defined not as the object itself but rather the relationship which an individual or a corporation has with the object and with the rest of the world in relation to that object.

The character of the relationship may vary according to a range of factors which include; the nature of the object the object may be tangible or intangible. Land or chattels the duration of time for which the relationship is expressed to exist, the jurisdiction in which the relationship is legally enforceable and  more fundamentally the political legal and economic structure of the society in which it is enforced private property has become the dominant form of property relationship in the modern capitalist world.

Private property is one of the fundamental tenets of a capitalist system as it promotes a liberalist, laissez faire society whereby individuals have the right to accumulate property and wealth for their own exclusive means.

Capitalist systems produce disparities in property and wealth distribution and the evolution of private property has helped to perpetuate social inequality and oppression. Socialist, Communist regimes espouse communal. Collective ownership in preference to private property karl marx considered private property to be not only a source of social oppression but also alienation he felt private property and the fundamental desire to have eventually overwhelms other natural physical and intellectual senses in man and in this way alienates man from his true being marx notes private property has made us so stupid and narrow minded that an object is only ours when we have it when it exists as capital for us or when we directly possess eat drink wear inhabit it etc in short when we use it yet private property itself in its turn conceives of all these direct realizations of property merely as means of life and the life which they serve is that of private property labour and capitalization thus all physical and intellectual senses have been replaced by the simple alienation of all these senses the sense of having economic and philosophical manuscripts private property and communism taken from marx. K. early writings.

The sense of having and the desire to acquire property exclusive continues to dominate many modern cultures monopolization of the world’ s resources and the desire to own and control is the backbone of the current social and economic ideology. The expansion of private property has produced social divisions resulting in a separation between those who have the power to control resources and those who do not. Proudhon has claimed that private property is tantamount to theft. Because the acquisition of property in modern capitalist societies increasingly confers power and authority This theft has become so much a part of the modern world that it is now an accepted practice Exclusive ownership and the further acquisition of property rights now identifies most of modern capitalist existence.


About Author

Leave A Reply