Question

list two differences between capitalist and socialist ideas of private property.

Answer 1

the fundamental difference between capitalist and socialist is the scope of the government intervention in the economy
the capitalist believed that individuals owned private property whereas the socialist believed that all property belonged to the society as a whole i.e to the state
the capitalist believed that the profits from the property should belong to the properties owner whereas the socialist believed that profits are due to the workers labour and so should be shared by them.....


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Answer 2

The two differences between the capitalist and socialist ideas of private property are :

1.  Capitalism believed in individual controlled property or private while as socialism believed in society or state controlled property.

2.  Socialists believe private property is the source of evil and exploitation of weaker classes while as capitalists believe private property is the source of progress and freedom.