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| '''Property is theft!''' is a slogan coined by the ] ] ] in his book '']''. | |||
| Taken at face value, "Property is theft!" appears to be an ], because theft, by definition, means depriving someone of his property. However, what Proudhon meant with the slogan was that (private) property is ''illegitimate'' - that there is no moral justification for the existence of private property, and that private property therefore represents a sort of "theft" from the common property of all mankind. | |||
| In his analysis of property Proudhon distinguished two forms. One, which was based in title and confered absolute dominion, he believed was detrimental to society, "Property is impossible, because, if it exists, Society devours itself." Thus Proudhon objected to such institutions as the charging of interest, rent, or any profit generated on the part of a proprietor who did not directly labor with the property in question. The other, which he commonly referred to as possession, was based instead on labor and occupation, which Proudhon felt in turn would obstruct and destroy property if such rights were consistently applied. | |||
| Proudhon used the term ] to describe his vision of a society where individuals and democratic workers associations could trade their produce on the market. In this system, he supposes exchange value to be determined by the amount of labor required to produce a commodity, in line with the ]. | |||
| ==See also== | |||
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