Question

List two differences between the capitalist and socialist ideas of private property

Answer 1

Capitalism and socialism both respect private property. Communism is a form of socialism where all 'means of production' are publicly owned--that is factories, farms, mines, etc. But socialism itself respects property rights.

Capitalism, when it runs amuck as it has in the US, tends to see property rights as being above human rights or civil rights. Because the rues are dictated by the property-rich. But putting property above people is not inherent in capitalism, usually.