Private property is the right of an individual to exclude others use of an object, and predates the rupture of society into classes. In its undeveloped form private property is the simple relation of the individual to the natural world in which their individuality finds objective expression. Private property is essentially the denial of the private property of others and finds its ultimate expression only in the relation of wage-labour and capital.

The abolition of private property constitutes the emancipation of humanity as the relation of person to person is immediate rather than mediated through things.

Anarchism

There is a great divide among the modern schools of anarchism about the question of private property and economic organization. The debate is most frequently engaged in between anarcho-socialists and anarcho-capitalists, with socialists claiming that the existence of property results in wage slavery, while capitalists assert that self-ownership is impossible without property.