this post was submitted on 21 Feb 2026
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Private ownership of the means of production is theft. What you described with the painter is personal - not private - ownership of the means of production. Personal ownership is when someone owns something and uses it for their own benefit. Private ownership is when someone owns something that they do not use themselves, instead hiring others to use it for them to generate a profit. The painter isn't doing capitalism when they paint and sell portraits, they're doing productive labor and participating in a market economy, which is not exclusive to capitalism. If the painter hired other painters to paint portraits using equipment and a studio that belongs to the original painter and kept the profits for themselves, that's capitalism.
Now, if the hired painters decided they didn't like this arrangement and claimed the equipment and studio for themselves collectively (seizing the means of production), that would be socialism. The original painter - the capitalist - would consider this theft, as those things were their private property. The hired painters - the socialists - would consider what the capitalist was doing theft and they are taking what is rightfully their collective personal property because they are the ones using it to produce value. To the capitalist, the value is produced by their capital (the means of production) and the labor is just another kind of capital which they have already paid for with wages. To the socialist, the value is produced by their labor and the means of production is being rented to them by the capitalist for their excess labor value, whose only claim to it is that they paid the upfront cost.
The owner of a company is like a landlord except instead of gatekeeping land/housing they are gatekeeping the means of production. Instead of paying rent, those who want access to the means of production sign away their excess labor value by agreeing to a set wage.