I am not well versed in the terminology of Marx, but I do think given the age, it can do with some updating for modern times.
I am not sure you need to distinguish between private and personal property.
I think how I would describe it, is that you get physical goods and services that should be largely unregulated. First order trade.
But when it comes to derived or abstracted goods, like shares, investments, currencies, they should be regulated to ensure they stay closely tied to the physical assets they represent.
In terms of property, I do see some issues when as automation and knowledge becomes more prominent as a means of production, we will need to switch to a different way of thinking.
Something along the lines where knowledge becomes public domain knowledge much sooner than under current laws.
Then approaching taxation of private property and corporations differently, where they are taxed based on the value of assets. You would also stop taxing on revenue and profit. This way they will always have and incentive to make sure they are using assets effectively, or selling it and not just squat on it, to prevent others from having it. Those taxes would then be used to fund universal basic income.
I am not well versed in the terminology of Marx, but I do think given the age, it can do with some updating for modern times.
I am not sure you need to distinguish between private and personal property.
I think how I would describe it, is that you get physical goods and services that should be largely unregulated. First order trade.
But when it comes to derived or abstracted goods, like shares, investments, currencies, they should be regulated to ensure they stay closely tied to the physical assets they represent.
In terms of property, I do see some issues when as automation and knowledge becomes more prominent as a means of production, we will need to switch to a different way of thinking.
Something along the lines where knowledge becomes public domain knowledge much sooner than under current laws.
Then approaching taxation of private property and corporations differently, where they are taxed based on the value of assets. You would also stop taxing on revenue and profit. This way they will always have and incentive to make sure they are using assets effectively, or selling it and not just squat on it, to prevent others from having it. Those taxes would then be used to fund universal basic income.