The purpose of this paper is to rethink Marx’s concept of “Eigentum”(property). The theory of property has been one of the most important subjects in the study of Marx for a long time. Nevertheless, previous studies did not understand it correctly, for they also did not grasp properly the theory of “Versachlichung”(reification) and that of community. Therefore, this paper focuses on the relationship between the theory of property and these two other theories.
The concept of “Versachlichung” means that private individuals, who carry out their work independently of each other, must exchange products of their labor as things which possess a social power, that is, as commodities, because their private work does not directly have the social character. Here, the individuals exist for each other merely as representatives of, and, therefore, as owners of, commodities. So, they relate each other as the personification of the economic relations to which they belong. This is “Personifikation der Sache”.
The concept of property must be understood in terms of “Personifikation der Sache”, because the property is established by the mutual recognition of persons as representatives of commodities. The property of commodity is therefore nothing but a recognized possession of commodities. In other words, the modern right of property is based on the social power of commodities.
Contrary to the modern one, the pre-modern right of property was grounded upon personal relations. It is because the pre-modern right of property was established by the mutual recognition of persons as members of a community in the pre-modern society.
This difference concerning the right of property emerges from that of conditions of production. In the pre-modern society, the condition of production was tied to the producer based on personal relations. The producer was originally recognized as one of those in the community who have the right of property based on the condition of production. However, in the modern society the producer is deprived of the means of production. One can be linked to the condition of production only by selling one’s own labor power. Yet, this link is not guaranteed, because the sale of labor power depends on accidental conditions. This is the reason why Marx called wageworkers the potential pauper.
Marx never accepted the modern freedom. In the chapter of “Historical Tendency of Capitalist Accumulation” he praised “the free individuality”, which is not modern, but pre-modern or post-modern. The free individuality, which Marx estimated highly, depends on the premodern petty industry or the association of producers. Therefore, the “individual property” does not belong to the modernity. This concept means that the development of the free individuality is possible only in the original unity of the means of production and the producer.
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