Private property

Definition and stakes

Portrait of William Bennett Munro William Bennett Munro,  Social Civics (1922)

“ All other forms of property are called personal property. Sometimes we distinguish between two kinds of personal property, tangible, which includes all goods and chattels, and intangible, which comprises stocks, bonds, mortgages, notes, deposits, and other obligations.
The institution of private property is the basis of our whole economic system. No nation has ever enjoyed industrial prosperity for any length of time without recognizing the right of private property. Destroy this right and you take away what now constitutes the chief incentive to labor, saving, and industrial efficiency.
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Source: Gutenberg

Portrait of Henry George Henry George,  Progress and Poverty, Volumes I and II

“ What most prevents the realization of the injustice of private property in land is the habit of including all the things that are made the subject of ownership in one category, as property, or, if any distinction is made, drawing the line, according to the unphilosophical distinction of the lawyers, between personal property and real estate, or things movable and things immovable. The real and natural distinction is between things which are the produce of labor and things which are the gratuitous offerings of nature; or, to adopt the terms of political economy, between wealth and land. ”
Source: Gutenberg

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