Ownership is the state or fact of legal possession and control over property , which may be any asset, tangible or intangible . Ownership can involve multiple rights, collectively referred to as title , which may be separated and held by different parties.
105-430: Slavery is the ownership of a person as property , especially in regards to their labour. Slavery typically involves compulsory work, with the slave's location of work and residence dictated by the party that holds them in bondage. Enslavement is the placement of a person into slavery, and the person is called a slave or an enslaved person (see § Terminology ). Many historical cases of enslavement occurred as
210-400: A communist nation, the means of production of goods would be owned communally by all people of that nation; the original thinkers did not specify rules and regulations. Personal property is a type of property . In the common law systems personal property may also be called chattels . It is distinguished from real property , or real estate . In the civil law systems personal property
315-496: A cooperative (also co-operative or co-op, in German Wohnungsgenossenschaft – apartment co-operative, also " Wohnbaugenossenschaft " or simply " Baugenossenschaft ") which relies heavily on internal rules of operation instead of the legal framework governing condominium associations. These "co-ops", owning the building for the mutual benefit of its members, can ultimately perform most of the functions of
420-413: A lien or other security interest) can be registered against personal or movable property. In common law it is possible to place a mortgage upon real property. Such a mortgage requires payment, or the owner of the mortgage can seek foreclosure . Personal property can often be secured with a similar kind of device, variously called a chattel mortgage , a trust receipt , or a security interest . In
525-654: A 1686 statute. And, as already mentioned, certain legal rights attached to the nobi in Korea, to slaves in various African societies, and to black female slaves in the French colony of Louisiana . Giving slaves legal rights has sometimes been a matter of morality, but also sometimes a matter of self-interest. For example, in ancient Athens , protecting slaves from mistreatment simultaneously protected people who might be mistaken for slaves, and giving slaves limited property rights incentivized slaves to work harder to get more property. In
630-531: A central authority like a king or church. Similar arguments appeared later in the works of Auguste Comte , especially given Smith's belief in the separation of powers , or what Comte called the "separation of the spiritual and the temporal" during the Middle Ages and the end of slavery, and Smith's criticism of masters, past and present. As Smith stated in the Lectures on Jurisprudence , "The great power of
735-428: A commodity and slavery. Cicero is also known to have suggested such parallels. Economists have modeled the circumstances under which slavery (and variants such as serfdom ) appear and disappear. One theoretical model is that slavery becomes more desirable for landowners where land is abundant, but labour is scarce, such that rent is depressed and paid workers can demand high wages. If the opposite holds true, then it
840-401: A cushion against losses or as a means to finance growth activities. Examples of this are not-for-profit entities: they are allowed to make profits, but are not permitted to give any of it back to members except by way of discounts in the future on new transactions. Depending on the charter at the foundation of the entity, and depending on the legal framework under which the entity was created,
945-409: A debt or earn money due to poverty . In the course of human history , slavery was a typical feature of civilization , and was legal in most societies, but it is now outlawed in most countries of the world, except as a punishment for a crime . In chattel slavery , the slave is legally rendered the personal property (chattel) of the slave owner. In economics, the term de facto slavery describes
1050-441: A legally constituted condominium, i.e. restricting use appropriately and containing financial liabilities to within tolerable levels. To change their structure now that they are up and operating would require significant effort to achieve acceptance among members and various levels of government. The owning entity makes rules governing use of property; each property may comprise areas that are made available to any and every member of
1155-708: A major area of business . An individual or group of individuals can own shares in corporations and other legal entities , but do not necessarily own the entities themselves. A legal entity is a legal construct through which the law allows a group of natural persons to act as if it were an individual for certain purposes. Some duly incorporated entities may not be owned by individuals nor by other entities; they exist without being owned once they are created. Not being owned, they cannot be bought and sold. Mutual life insurance companies, credit unions , foundations and cooperatives , not for profit organizations, and public corporations are examples of this. No person can purchase
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#17327651746661260-543: A marriage where a girl, usually, is married off to a man to settle debts owed by her parents. The Chukri system is a debt bondage system found in parts of Bengal where a female can be coerced into prostitution in order to pay off debts. The word slavery has also been used to refer to a legal state of dependency to somebody else. For example, in Persia , the situations and lives of such slaves could be better than those of common citizens. Forced labour, or unfree labour,
1365-564: A number of ways. To acquire property one can purchase it with money , trade it for other property, win it in a bet, receive it as a gift , inherit it, find it, receive it as damages , earn it by doing work or performing services, make it, or homestead it. One can transfer or lose ownership of property by selling it for money , exchanging it for other property, giving it as a gift, misplacing it, or having it stripped from one's ownership through legal means such as eviction , foreclosure , seizure , or taking . Ownership implies that
1470-462: A particular subset of intellectual property known as industrial property . Like other forms of property, intellectual property (or rather the exclusive rights which subsist in the IP) can be transferred ( with or without consideration) or licensed to third parties. In some jurisdictions it is possible to use intellectual property as collateral for a loan . The basic public policy rationale for
1575-451: A partner or owner in a group may give little advantage in terms of share ownership while producing a lot of risk to the partner, owner or participant. At the end of each fiscal year , accounting rules determine a surplus or profit, which may be retained inside the entity or distributed among owners according to the initial setup intent when the entity was created. For public corporations, common shareholders have no right to receive any of
1680-411: A problem occurs which leads to a massive liability, the individual is protected from losing more than the value of that one property. Many other properties are protected, when owned by other distinct entities. In the loosest sense of group ownership, a lack of legal framework, rules and regulations may mean that group ownership of property places each member in a position of responsibility (liability) for
1785-399: A responsibility to others for actions regarding the property. A "legal shield" is said to exist if the entity's legal liabilities do not get redistributed among the entity's owners or members. An application of this, to limit ownership risks, is to form a new entity (such as a shell company ) to purchase, own and operate each property. Since the entity is separate and distinct from others, if
1890-452: A result of breaking the law, becoming indebted, suffering a military defeat, or exploitation for cheaper labor; other forms of slavery were instituted along demographic lines such as race or sex . Slaves may be kept in bondage for life, or for a fixed period of time after which they would be granted freedom . Although slavery is usually involuntary and involves coercion, there are also cases where people voluntarily enter into slavery to pay
1995-476: A trafficked sex slave. Approximately 40% of slave profits each year were generated by trafficked sex slaves, representing slightly more than 4% of the world's 29 million slaves. A widespread practice was branding , either to explicitly mark slaves as property or as punishment. Slaves have been owned privately by individuals but have also been under state ownership. For example, the kisaeng were women from low castes in pre modern Korea, who were owned by
2100-581: A variety of ways, such as goods , money , negotiable instruments , securities , and intangible assets including choses in action . Real estate or immovable property is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings . Real estate (immovable property) is often considered synonymous with real property , in contrast from personal property (also sometimes called chattel or personalty ). However, for technical purposes, some people prefer to distinguish real estate, referring to
2205-494: Is a form of unfree labour in which a person works to pay off a debt by pledging himself or herself as collateral. The services required to repay the debt, and their duration, may be undefined. Debt bondage can be passed on from generation to generation, with children required to pay off their progenitors' debt. It is the most widespread form of slavery today. Debt bondage is most prevalent in South Asia. Money marriage refers to
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#17327651746662310-711: Is a key factor in determining their type. Each type has advantages and disadvantages derived from their means of recognizing or disregarding (rewarding or not) contributions of financial capital or personal effort. Cooperatives , corporations , trusts , partnerships , and condominium associations are only some of the many varied types of structured ownership; each type has many subtypes. Legal advantages or restrictions on various types of structured ownership have existed in many societies past and present. To govern how assets are to be used, shared, or treated, rules and regulations may be legally imposed or internally adopted or decreed. Ownership by definition does not necessarily imply
2415-759: Is more costly for landowners to guard the slaves than to employ paid workers who can demand only low wages because of the degree of competition. Thus, first slavery and then serfdom gradually decreased in Europe as the population grew. They were reintroduced in the Americas and in Russia as large areas of land with few inhabitants became available. Slavery is more common when the tasks are relatively simple and thus easy to supervise, such as large-scale monocrops such as sugarcane and cotton , in which output depended on economies of scale . This enables systems of labour, such as
2520-439: Is not attached to real property or land), touched or felt. These generally include items such as furniture, clothing, jewelry, art, writings, or household goods. In some cases, there can be formal title documents that show the ownership and transfer rights of that property after a person's death (for example, motor vehicles, boats, etcetera) In many cases, however, tangible personal property will not be "titled" in an owner's name and
2625-425: Is often called movable property or movables – any property that can be moved from one location or another. This term is used to distinguish property that different from immovable property or immovables, such as land and buildings. This also means the direct owner of the item(s) is in full control of them/it until either stolen, confiscated by law enforcement , or destroyed. Personal property may be classified in
2730-484: Is often used as a pejorative to describe any activity in which one is coerced into performing. Some argue that military drafts and other forms of coerced government labour constitute "state-operated slavery." Some libertarians and anarcho-capitalists view government taxation as a form of slavery. "Slavery" has been used by some anti-psychiatry proponents to define involuntary psychiatric patients, claiming there are no unbiased physical tests for mental illness and yet
2835-495: Is ongoing debate as to whether IP laws truly operate to confer the stated public benefits, and whether the protection they are said to provide is appropriate in the context of innovation derived from such things as traditional knowledge and folklore, and patents for software and business methods . Manifestations of this controversy can be seen in the way different jurisdictions decide whether to grant intellectual property protection in relation to subject matter of this kind, and
2940-467: Is presumed to be whatever property he or she was in possession of at the time of his or her death. Accountants distinguish personal property from real property because personal property can be depreciated faster than improvements (while land is not depreciable at all). It is an owner's right to get tax benefits for chattel, and there are businesses that specialize in appraising personal property, or chattel. The distinction between these types of property
3045-633: Is rare among hunter-gatherer populations because it requires economic surpluses and a substantial population density. Thus, although it has existed among unusually resource-rich hunter gatherers, such as the American Indian peoples of the salmon -rich rivers of the Pacific Northwest coast, slavery became widespread only with the invention of agriculture during the Neolithic Revolution about 11,000 years ago. Slavery
3150-496: Is significant for a variety of reasons. Usually, one's rights on movables are more attenuated than one's rights on immovables (or real property). The statutes of limitations or prescriptive periods are usually shorter when dealing with personal or movable property. Real property rights are usually enforceable for a much longer period of time and in most jurisdictions real estate and immovables are registered in government-sanctioned land registers. In some jurisdictions, rights (such as
3255-517: Is sometimes used to describe an individual who is forced to work against their own will, under threat of violence or other punishment. This may also include institutions not commonly classified as slavery, such as serfdom , conscription and penal labour . As slavery has been legally outlawed in all countries, forced labour in the present day (frequently referred to as " modern slavery ") revolves around illegal control. Human trafficking primarily involves women and children forced into prostitution and
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3360-460: Is the fastest growing form of forced labour, with Thailand, Cambodia, India, Brazil and Mexico having been identified as leading hotspots of commercial sexual exploitation of children . In 2007, Human Rights Watch estimated that 200,000 to 300,000 children served as soldiers in then-current conflicts. More girls under 16 work as domestic workers than any other category of child labour, often sent to cities by parents living in rural poverty as with
3465-463: Is the key building block in the development of the capitalist socio-economic system. Adam Smith stated that one of the sacred laws of justice was to guard a person's property and possessions. Individuals may own property directly. In some societies only adult men may own property; in other societies (such as the Haudenosaunee ), property is matrilinear and passed on from mother to
3570-403: Is thought that around 8,500 new slaves were needed annually to replenish numbers – about 850,000 captives over the century from 1580 to 1680. By extension, for the 250 years between 1530 and 1780, the figure could easily have been as high as 1,250,000. Davis' numbers have been refuted by other historians, such as David Earle, who cautions that true picture of Europeans slaves is clouded by the fact
3675-558: The American Civil War . Chattel slavery is currently (2020) illegal in every country in the world. However, until the 19th century slavery in one form or another existed in most societies and was thought of as the normal state of things; slaves of whatever ethnicity were considered racially inferior. Notwithstanding the illegality of enslavement, virtual slavery still exists in various forms today, although called by other names. The question of ownership reaches back to
3780-726: The Red Sea slave trade , slaves were transported from Africa across the Red Sea to the Arabian Peninsula. The Indian Ocean slave trade , sometimes known as the east African slave trade, was multi-directional. Africans were sent as slaves to the Arabian Peninsula , to Indian Ocean islands (including Madagascar ), to the Indian subcontinent , and later to the Americas. These traders captured Bantu peoples ( Zanj ) from
3885-523: The Tragedy of the Commons , occurs where unlimited unrestricted and unregulated access to a resource (e.g. pasture land) destroys the resource because of over-exploitation . The benefits of exploitation accrue to individuals immediately, while the costs of policing or enforcing appropriate use, and the losses dues to over exploitation, are distributed among many, and are only visible to these gradually. In
3990-515: The ancient philosophers , Plato and Aristotle , who held different opinions on the subject. Plato (428/427 BC – 348/347 BC) thought private property created divisive inequalities, while Aristotle (384 BC – 322 BC) thought private property enabled people to receive the full benefit of their labor . Private property can circumvent what is now referred to as the " tragedy of the commons " problem, where people tend to degrade common property more than they do private property. While Aristotle justified
4095-471: The bombardment of Algiers by an Anglo-Dutch fleet in 1816. Under Omani Arabs, Zanzibar became East Africa's main slave port , with as many as 50,000 African slaves passing through every year during the 19th century. Some historians estimate that between 11 and 18 million African slaves crossed the Red Sea, Indian Ocean, and Sahara Desert from 650 to 1900 AD. Eduard Rüppell described the losses of Sudanese slaves being transported on foot to Egypt: "after
4200-517: The gang system in the United States, to become prominent on large plantations where field hands toiled with factory-like precision. Then, each work gang was based on an internal division of labour that assigned every member of the gang to a task and made each worker's performance dependent on the actions of the others. The slaves chopped out the weeds that surrounded the cotton plants as well as excess sprouts. Plow gangs followed behind, stirring
4305-925: The voyage , with mortality rates considerably higher in Africa itself in the process of capturing and transporting indigenous peoples to the ships. Slavery in Mexico can be traced back to the Aztecs . Other Amerindians , such as the Inca of the Andes, the Tupinambá of Brazil, the Creek of Georgia, and the Comanche of Texas, also practiced slavery. Ownership The process and mechanics of ownership are fairly complex: one can gain, transfer, and lose ownership of property in
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4410-559: The 1470s black Africans were painted as court attendants in wall paintings that were displayed in Mantua and Ferrara . In the 1490s black Africans were included on the emblem of the Duke of Milan . During the trans-Saharan slave trade , slaves from West Africa were transported across the Sahara desert to North Africa to be sold to Mediterranean and Middle eastern civilizations. During
4515-495: The 16th and 19th centuries. However, this estimate is the result of an extrapolation which assumes that the number of European slaves captured by Barbary pirates was constant for a 250-year period: There are no records of how many men, women and children were enslaved, but it is possible to calculate roughly the number of fresh captives that would have been needed to keep populations steady and replace those slaves who died, escaped, were ransomed, or converted to Islam. On this basis it
4620-532: The 19th century. An alternative contemporary hypothesis states that Medieval Latin sclāvus via * scylāvus derives from Byzantine σκυλάω ( skūláō , skyláō ) or σκυλεύω ( skūleúō , skyleúō ) with the meaning "to strip the enemy (killed in a battle)" or "to make booty / extract spoils of war". This version has been criticized as well. There is a dispute among historians about whether terms such as " unfree labourer " or "enslaved person", rather than "slave", should be used when describing
4725-660: The Abbasid Caliphate situated in present-day Iraq, is believed to have involved enslaved Zanj that had originally been captured from the African Great Lakes region and areas further south in East Africa . It grew to involve over 500,000 slaves and free men who were imported from across the Muslim empire and claimed over "tens of thousands of lives in lower Iraq". The Zanj who were taken as slaves to
4830-640: The Americas to abolish slavery was Brazil, in 1888 . Chattel slavery survived longest in the Middle East . After the Trans-Atlantic slave trade had been suppressed, the ancient Trans-Saharan slave trade , the Indian Ocean slave trade and the Red Sea slave trade continued to traffic slaves from the African continent to the Middle East. During the 20th century, the issue of chattel slavery
4935-946: The Arabian Peninsula: in Oman , in Qatar , in Saudi Arabia , in the Trucial States and in Yemen . Legal chattel slavery was finally abolished in the Arabian Peninsula in the 1960s: Saudi Arabia and Yemen in 1962, in Dubai in 1963, and Oman as the last in 1970. The last country to abolish slavery, Mauritania , did so in 1981 . The 1981 ban on slavery was not enforced in practice, as there were no legal mechanisms to prosecute those who used slaves, these only came in 2007. Indenture, also known as bonded labour or debt bondage,
5040-498: The Arabs brought to the coast at least six died on the way or during the slavers' raid. Livingstone puts the figure as high as ten to one." Systems of servitude and slavery were common in parts of Africa, as they were in much of the ancient world . In many African societies where slavery was prevalent, the slaves were not treated as chattel slaves and were given certain rights in a system similar to indentured servitude elsewhere in
5145-500: The Daftardar bey's 1822 campaign in the southern Nuba mountains, nearly 40,000 slaves were captured. However, through bad treatment, disease and desert travel barely 5,000 made it to Egypt." W.A. Veenhoven wrote: "The German doctor, Gustav Nachtigal , an eye-witness, believed that for every slave who arrived at a market three or four died on the way ... Keltie ( The Partition of Africa , London, 1920) believes that for every slave
5250-599: The Haitian restaveks . Forced marriages or early marriages are often considered types of slavery. Forced marriage continues to be practiced in parts of the world including some parts of Asia and Africa and in immigrant communities in the West. Marriage by abduction occurs in many places in the world today, with a 2003 study finding a national average of 69% of marriages in Ethiopia being through abduction. The word slavery
5355-466: The IP. The term intellectual property reflects the idea that this subject matter is the product of the mind or the intellect, and that IP rights may be protected at law in the same way as any other form of property . Intellectual property laws confer a bundle of exclusive rights in relation to the particular form or manner in which ideas or information are expressed or manifested, and not in relation to
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#17327651746665460-643: The Indian Ocean during the Indian Ocean slave trade . The Umayyad and Abbasid caliphs recruited many Zanj slaves as soldiers and, as early as 696, there were slave revolts of the Zanj against their Arab enslavers during their slavery in the Umayyad Caliphate in Iraq. The Zanj Rebellion , a series of uprisings that took place between 869 and 883 near Basra (also known as Basara), against the slavery in
5565-665: The Middle East were often used in strenuous agricultural work. As the plantation economy boomed and the Arabs became richer, agriculture and other manual labour work was thought to be demeaning. The resulting labour shortage led to an increased slave market. In Algiers , the capital of Algeria, captured Christians and Europeans were forced into slavery. In about 1650, there were as many as 35,000 Christian slaves in Algiers. By one estimate, raids by Barbary slave traders on coastal villages and ships extending from Italy to Iceland, enslaved an estimated 1 to 1.25 million Europeans between
5670-703: The Nazis and the Soviet Union placed increasing importance on the labor provided in those camps, leading to a growing tendency among historians to designate such systems as slavery. A combination of these include the encomienda where the Spanish Crown granted private individuals the right to the free labour of a specified number of natives in a given area. In the "Red Rubber System" of both the Congo Free State and French ruled Ubangi-Shari , labour
5775-542: The Red Sea, Indian Ocean, and Sahara Desert between 1500 and 1900. The captives were sold throughout the Middle East. This trade accelerated as superior ships led to more trade and greater demand for labour on plantations in the region. Eventually, tens of thousands of captives were being taken every year. The Indian Ocean slave trade was multi-directional and changed over time. To meet the demand for menial labour, Bantu slaves bought by east African slave traders from southeastern Africa were sold in cumulatively large numbers over
5880-606: The Sahara, through the Red Sea, from the Indian Ocean ports and across the Atlantic. At least ten centuries of slavery for the benefit of the Muslim countries (from the ninth to the nineteenth).... Four million enslaved people exported via the Red Sea , another four million through the Swahili ports of the Indian Ocean, perhaps as many as nine million along the trans-Saharan caravan route, and eleven to twenty million (depending on
5985-489: The United States, Article 9 of the Uniform Commercial Code governs the creation and enforcement of security interests in most (but not all) types of personal property. There is no similar institution to the mortgage in the civil law, however a hypothec is a device to secure real rights against property. These real rights follow the property along with the ownership. In common law a lien also remains on
6090-411: The actions of every other member. A structured group duly constituted as an entity under law may still not protect members from being personally liable for each other's actions. Court decisions against the entity itself may give rise to unlimited personal liability for each and every member. An example of this situation is a professional partnership (e.g. law practice ) in some jurisdictions . Thus, being
6195-699: The author) across the Atlantic Ocean. The trans-Atlantic slave trade peaked in the late 18th century, when the largest number of slaves were captured on raiding expeditions into the interior of West Africa. These expeditions were typically carried out by African kingdoms , such as the Oyo Empire ( Yoruba ), the Ashanti Empire , the kingdom of Dahomey , and the Aro Confederacy . It is estimated that about 15 percent of slaves died during
6300-693: The centuries to customers in Egypt, Arabia, the Persian Gulf, India, European colonies in the Far East, the Indian Ocean islands , Ethiopia and Somalia. According to the Encyclopedia of African History , "It is estimated that by the 1890s the largest slave population of the world, about 2 million people, was concentrated in the territories of the Sokoto Caliphate . The use of slave labour
6405-468: The clergy thus concurring with that of the king set the slaves at liberty. But it was absolutely necessary both that the authority of the king and of the clergy should be great. Where ever any one of these was wanting, slavery still continues..." Even after slavery became a criminal offense, slave owners could get high returns. According to researcher Siddharth Kara , the profits generated worldwide by all forms of slavery in 2007 were $ 91.2 billion. That
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#17327651746666510-402: The company, as their ownership is not legally available for sale, neither as shares nor as a single whole. Intellectual property (IP) refers to a legal entitlement which sometimes attaches to the expressed form of an idea , or to some other intangible subject matter. This legal entitlement generally enables its holder to exercise exclusive rights of use in relation to the subject matter of
6615-419: The condition of some or all human-owned animals, arguing that their status is comparable to that of human slaves. The labour market, as institutionalized under contemporary capitalist systems, has been criticized by mainstream socialists and by anarcho-syndicalists , who utilise the term wage slavery as a pejorative or dysphemism for wage labour . Socialists draw parallels between the trade of labour as
6720-455: The conditions of unfree labour and forced labour that most slaves endure. Mauritania was the last country in the world to officially ban slavery, in 1981, with legal prosecution of slaveholders established in 2007. However, in 2019, approximately 40 million people, of whom 26% were children, were still enslaved throughout the world despite slavery being illegal. In the modern world, more than 50% of slaves provide forced labour , usually in
6825-575: The corsairs also seized non-Christian whites from eastern Europe. In addition, the number of slaves traded was hyperactive, with exaggerated estimates relying on peak years to calculate averages for entire centuries, or millennia. Hence, there were wide fluctuations year-to-year, particularly in the 18th and 19th centuries, given slave imports, and also given the fact that, prior to the 1840s, there are no consistent records. Middle East expert, John Wright, cautions that modern estimates are based on back-calculations from human observation. Such observations, across
6930-511: The entity. Depending on internal rules and regulations, certain classes of shares have the right to receive increases in financial "dividends" while other classes do not. After many years the increase over time is substantial if the business is profitable. Examples of this are common shares and preferred shares in private or publicly listed share capital corporations. Entities with a focus on providing service in perpetuam do not distribute financial surplus; they must retain it. It will then serve as
7035-465: The existence of private ownership, he left two open questions In modern western politics , some people believe that exclusive ownership of property underlies much social injustice, and facilitates tyranny and oppression on an individual and societal scale. Others consider the striving to achieve greater ownership of wealth as the driving factor behind human innovation and technological advancement and increasing standards of living . Some support
7140-603: The factories and sweatshops of the private sector of a country's economy. In industrialised countries, human trafficking is a modern variety of slavery; in non-industrialised countries, people in debt bondage are common, others include captive domestic servants , people in forced marriages , and child soldiers . The word slave was borrowed into Middle English through the Old French esclave which ultimately derives from Byzantine Greek σκλάβος ( sklábos ) or εσκλαβήνος ( ésklabḗnos ). According to
7245-431: The form of ownership is determined once and for all time. To change it requires significant work in terms of communicating with stakeholders (member-owners, governments, etc.) and acquiring their approval. Whatever structural constraints or disadvantages exist at the creation thus remain an integral part of the entity. Common in, for instance, New York City , Hamburg , and Berlin is a form of real estate ownership known as
7350-583: The government's role in health care and retirement saving . Personal property Personal property is property that is movable. In common law systems, personal property may also be called chattels or personalty . In civil law systems, personal property is often called movable property or movables —any property that can be moved from one location to another. Personal property can be understood in comparison to real estate , immovable property or real property (such as land and buildings). Movable property on land (larger livestock , for example)
7455-420: The group to use. When the group is the entire nation, the same principle is in effect whether the property is small (e.g. picnic rest stops along highways ) or large (such as national parks , highways, ports, and publicly owned buildings). Smaller examples of shared use include common areas such as lobbies, entrance hallways and passages to adjacent buildings. One disadvantage of communal ownership, known as
7560-423: The household. The distinction between tangible and intangible personal property is also significant in some of the jurisdictions which impose sales taxes. In Canada, for example, provincial and federal sales taxes were imposed primarily on sales of tangible personal property whereas sales of intangibles tended to be exempt. The move to value added taxes, under which almost all transactions are taxable, has diminished
7665-434: The ideas or concepts themselves (see idea-expression divide ). The term "intellectual property" denotes the specific legal rights which authors, inventors and other IP holders may hold and exercise, and not the intellectual work itself. Intellectual property laws are designed to protect different forms of intangible subject matter, although in some cases there is a degree of overlap. Patents, trademarks and designs fall into
7770-477: The inhumanity of slavery, with person implying a degree of autonomy that slavery does not allow. As a social institution, chattel slavery classes slaves as chattels ( personal property ) owned by the enslaver; like livestock, they can be bought and sold at will. Chattel slavery was historically the normal form of slavery and was practiced in places such as the Roman Empire and classical Greece , where it
7875-466: The interior in present-day Kenya , Mozambique and Tanzania and brought them to the coast. There, the slaves gradually assimilated in rural areas, particularly on Unguja and Pemba islands. Some historians assert that as many as 17 million people were sold into slavery on the coast of the Indian Ocean, the Middle East, and North Africa, and approximately 5 million African slaves were bought by Muslim slave traders and taken from Africa across
7980-412: The land and fixtures themselves, from real property, referring to ownership rights over real estate. The terms real estate and real property are used primarily in common law , while civil law jurisdictions refer instead to immovable property . In law, the word real means relating to a thing (from Latin reālis, ultimately from rēs , 'matter' or 'thing'), as distinguished from a person. Thus
8085-521: The late 16th and early 17th century observers, account for around 35,000 European Christian slaves held throughout this period on the Barbary Coast, across Tripoli, Tunis, but mostly in Algiers. The majority were sailors (particularly those who were English), taken with their ships, but others were fishermen and coastal villagers. However, most of these captives were people from lands close to Africa, particularly Spain and Italy. This eventually led to
8190-416: The latter view, believing that ownership is necessary for liberty itself. Ownership society was a political slogan used by United States President George W. Bush to promote a series of policies aimed to increase the control of individual citizens over health care and social security payments and policies. Critics have claimed that slogan hid an agenda that sought to implement tax cuts and curtail
8295-408: The law broadly distinguishes between real property (land and anything affixed to it) and personal property (everything else, e.g., clothing, furniture, money). The conceptual difference is between immovable property, which would transfer title along with the land, and movable property, which a person would retain title to. With the development of private property ownership, real estate has become
8400-488: The master's kinship group and rise to prominent positions within society, even to the level of chief in some instances. However, stigma often remained attached and there could be strict separations between slave members of a kinship group and those related to the master. Slavery was practiced in many different forms: debt slavery, enslavement of war captives, military slavery, and criminal slavery were all practiced in various parts of Africa. Slavery for domestic and court purposes
8505-575: The offspring. In most societies both men and women can own property with no restrictions and limitations at all. Throughout history, nations (or governments ) and religious organizations have owned property. These entities exist primarily for purposes other than to own or operate property; hence, they may have no clear rules regarding the disposition of their property. To own and operate property, structures (often known today as legal entities ) have been created in many societies throughout history. The differences in how they deal with members' rights
8610-468: The owner of a property also owns any economic benefits or deficits associated with the property. Over the millennia and across cultures, notions regarding what constitutes "property" and how it is treated culturally have varied widely. Ownership is the basis for many other concepts that form the foundations of ancient and modern societies such as money , trade , debt , bankruptcy , the criminality of theft , and private vs. public property. Ownership
8715-508: The profit. Entities with a member focus will give financial surplus back to members according to the volume of financial activity that the participating member generated for the entity. Examples of this are producer cooperatives, buyer cooperatives and participating whole life policyholders in both mutual and share-capital insurance companies . Entities with shared voting rights that depend on financial capital distribute surplus among shareholders without regard to any other contribution to
8820-410: The property, and it is not extinguished by alienation of the property; liens may be real or equitable . Many jurisdictions levy a personal property tax , an annual tax on the privilege of owning or possessing personal property within the boundaries of the jurisdiction. Automobile and boat registration fees are a subset of this tax. Most household goods are exempt as long as they are kept or used within
8925-432: The protection of intellectual property is that IP laws facilitate and encourage disclosure of innovation into the public domain for the common good , by granting authors and inventors exclusive rights to exploit their works and invention for a limited period. However, various schools of thought are critical of the very concept of intellectual property, and some characterise IP as intellectual protectionism . There
9030-403: The psychiatric patient must follow the orders of the psychiatrist. They assert that instead of chains to control the slave, the psychiatrist uses drugs to control the mind. Drapetomania was a pseudoscientific psychiatric diagnosis for a slave who desired freedom; "symptoms" included laziness and the tendency to flee captivity. Some proponents of animal rights have applied the term slavery to
9135-544: The soil near the plants and tossing it back around the plants. Thus, the gang system worked like an assembly line . Since the 18th century, critics have argued that slavery hinders technological advancement because the focus is on increasing the number of slaves doing simple tasks rather than upgrading their efficiency. For example, it is sometimes argued that, because of this narrow focus, technology in Greece – and later in Rome –
9240-463: The southern United States prior to the extirpation of slavery in 1865 , a proslavery legal treatise reported that slaves accused of crimes typically had a legal right to counsel, freedom from double jeopardy , a right to trial by jury in graver cases, and the right to grand jury indictment, but they lacked many other rights such as white adults' ability to control their own lives. Slavery predates written records and has existed in many cultures. Slavery
9345-408: The stark divide on issues of the role and scope of intellectual property laws. The term "Slavery" is commonly understood to refer to chattel slavery. The living human body is, in modern societies, considered something which cannot be the property of anyone but the person whose body it is. Its opposite, in which the person in the body does not own their body, is chattel slavery . Chattel slavery
9450-574: The state under government officials known as hojang and were required to provide entertainment to the aristocracy. In the 2020s, in North Korea , Kippumjo ("Pleasure Brigades") are made up of women selected from the general population to serve as entertainers and as concubines to the rulers of North Korea. "Tribute labor" is compulsory labor for the state and has been used in various iterations such as corvée , mit'a and repartimiento . The internment camps of totalitarian regimes such as
9555-399: The victims of slavery. According to those proposing a change in terminology, slave perpetuates the crime of slavery in language by reducing its victims to a nonhuman noun instead of "carry[ing] them forward as people, not the property that they were" (see also People-first language ). Other historians prefer slave because the term is familiar and shorter, or because it accurately reflects
9660-408: The western Sahel , including Ghana , Mali , Segou , and Songhai , about a third of the population were enslaved. In European courtly society, and European aristocracy, black African slaves and their children became visible in the late 1300s and 1400s. Starting with Frederick II, Holy Roman Emperor , black Africans were included in the retinue . In 1402 an Ethiopian embassy reached Venice . In
9765-476: The widespread view, which has been known since the 18th century, the Byzantine Σκλάβινοι ( Sklábinoi ), Έσκλαβηνοί ( Ésklabēnoí ), borrowed from a Slavic tribe self-name *Slověne, turned into σκλάβος , εσκλαβήνος ( Late Latin sclāvus) in the meaning 'prisoner of war slave', 'slave' in the 8th/9th century, because they often became captured and enslaved. However this version has been disputed since
9870-463: The world. The forms of slavery in Africa were closely related to kinship structures. In many African communities, where land could not be owned, enslavement of individuals was used as a means to increase the influence a person had and expand connections. This made slaves a permanent part of a master's lineage and the children of slaves could become closely connected with the larger family ties. Children of slaves born into families could be integrated into
9975-794: Was addressed and investigated globally by international bodies created by the League of Nations and the United Nations, such as the Temporary Slavery Commission in 1924–1926, the Committee of Experts on Slavery in 1932, and the Advisory Committee of Experts on Slavery in 1934–1939. By the time of the UN Ad Hoc Committee on Slavery in 1950–1951, legal chattel slavery still existed only in
10080-580: Was considered a keystone of society. Other places where it was extensively practiced include Medieval Egypt , Subsaharan Africa, Brazil, the United States, and parts of the Caribbean such as Cuba and Haiti. The Iroquois enslaved others in ways that "looked very like chattel slavery." Beginning in the 18th century, a series of abolitionist movements saw slavery as a violation of the slaves' rights as people (" all men are created equal "), and sought to abolish it. Abolitionism encountered extreme resistance but
10185-521: Was defined as the absolute legal ownership of a person, including the legal right to buy and sell them. Persons who were so enslaved did not have the freedom to direct their own actions, and their legal rights were either severely limited or nonexistent. The Antebellum period in the United States is considered both the worst for the exploitation of chattel slaves, and also where the practice aroused such fierce opposition and support that it led to
10290-606: Was demanded as taxation; private companies were conceded areas within which they were allowed to use any measures to increase rubber production. Convict leasing was common in the Southern United States where the state would lease prisoners for their free labour to companies. Depending upon the era and the country, slaves sometimes had a limited set of legal rights. For example, in the Province of New York , people who deliberately killed slaves were punishable under
10395-604: Was eventually successful. Several of the states of the United States began abolishing slavery during the American Revolutionary War. The French Revolution tried to abolish slavery in 1794, but a permanent abolition did not occur until 1848. In much of the British Empire, slavery was subject to abolition in 1833, throughout the United States it was abolished in 1865 and in Cuba in 1886. The last country in
10500-573: Was extensive, especially in agriculture." The Anti-Slavery Society estimated there were 2 million slaves in Ethiopia in the early 1930s out of an estimated population of 8 to 16 million. Slave labour in East Africa was drawn from the Zanj , Bantu peoples that lived along the East African coast. The Zanj were for centuries shipped as slaves by Arab traders to all the countries bordering
10605-479: Was not applied to ease physical labour or improve manufacturing. Scottish economist Adam Smith stated that free labour was economically better than slave labour, and that it was nearly impossible to end slavery in a free, democratic, or republican form of government since many of its legislators or political figures were slave owners and would not punish themselves. He further stated that slaves would be better able to gain their freedom under centralized government, or
10710-804: Was not automatically sold with the land, it was "personal" to the owner and moved with the owner. The word cattle is the Old Norman variant of Old French chatel , chattel (derived from Latin capitalis , "of the head"), which was once synonymous with general movable personal property. Personal property may be classified in a variety of ways. Intangible personal property or "intangibles" refers to personal property that cannot actually be moved, touched or felt, but instead represents something of value such as negotiable instruments , securities , service (economics) , and intangible assets including chose in action . Tangible personal property refers to any type of property that can generally be moved (i.e., it
10815-493: Was practiced in almost every ancient civilization. Such institutions included debt bondage, punishment for crime, the enslavement of prisoners of war , child abandonment , and the enslavement of slaves' offspring. Slavery was widespread in Africa, which pursued both internal and external slave trade. In the Senegambia region, between 1300 and 1900, close to one-third of the population was enslaved. In early Islamic states of
10920-457: Was second only to drug trafficking, in terms of global criminal enterprises. At the time the weighted average global sales price of a slave was estimated to be approximately $ 340, with a high of $ 1,895 for the average trafficked sex slave, and a low of $ 40 to $ 50 for debt bondage slaves in part of Asia and Africa. The weighted average annual profits generated by a slave in 2007 was $ 3,175, with a low of an average $ 950 for bonded labour and $ 29,210 for
11025-546: Was widespread throughout Africa. When the Atlantic slave trade began, many of the local slave systems began supplying captives for chattel slave markets outside Africa. Although the Atlantic slave trade was not the only slave trade from Africa, it was the largest in volume and intensity. As Elikia M'bokolo wrote in Le Monde diplomatique : The African continent was bled of its human resources via all possible routes. Across
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