--- title: "Meaning & Key Takeaway of: Private property is a very fundamental…" description: "\"Private property is a very fundamental and very long-term institution.\" — Anatoly Chubais" image: "https://sms4smile.com/quotes/i/d73/anatoly-chubais-18581_fundamentals_private-property-is-a-very-fundamental-a_390149.jpg" --- # Private property is a very fundamental and very long-term… ![“Private property is a very fundamental and very long-term institution.” quote by Anatoly Chubais](https://sms4smile.com/quotes/i/d73/anatoly-chubais-18581_fundamentals_private-property-is-a-very-fundamental-a_390149.jpg) [Download](https://sms4smile.com/quotes/i/d73/anatoly-chubais-18581_fundamentals_private-property-is-a-very-fundamental-a_390149.jpg) [Open image](https://sms4smile.com/quotes/i/d73/anatoly-chubais-18581_fundamentals_private-property-is-a-very-fundamental-a_390149.jpg) > “Private property is a very fundamental and very long-term institution.” [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Private property underpins economic stability and long‑term societal development. **In simple terms:** Property is key for lasting stability. Key Takeaway Protect and respect property rights. Themes economics law society stability Mood reflective analytical Type philosophical political When to use this quote - urban planning - business investment - housing policy - environmental stewardship Key Concepts property rights institutional economics Questions to Reflect On - How does secure property foster innovation? - What safeguards can prevent abuse? A Different Perspective If property rights are weak, markets may fail. ★ ★ ★ ★ ★ No ratings yet [Fundamental Long](https://sms4smile.com/quotes/about/fundamental-long-3520888/) [Fundamentals](https://sms4smile.com/quotes/about/fundamentals/) [Institutions](https://sms4smile.com/quotes/about/institutions/) [Long](https://sms4smile.com/quotes/about/long/) [Long term](https://sms4smile.com/quotes/about/long-term/) [Private](https://sms4smile.com/quotes/about/private/) [Private property](https://sms4smile.com/quotes/about/private-property/) [Property](https://sms4smile.com/quotes/about/property/) [Property Fundamental](https://sms4smile.com/quotes/about/property-fundamental-3520887/) [Term](https://sms4smile.com/quotes/about/term/) ## Related quotes > [People can have a long-term life plan only if they know their private property is secure.](https://sms4smile.com/quotes/mencius/people-can-have-a-long-term-life-plan-only-if-they-know-their-private/) [Mencius](https://sms4smile.com/quotes/author/mencius/) > [The bottom line is that weather events not only threaten private property and family budgets, but they also can decimate public resources and government…](https://sms4smile.com/quotes/matt-cartwright/the-bottom-line-is-that-weather-events-not-only-threaten-private/) [Matt Cartwright](https://sms4smile.com/quotes/author/matt-cartwright/) > [Truth is not private property.](https://sms4smile.com/quotes/saint-augustine/truth-is-not-private-property/) [Saint Augustine](https://sms4smile.com/quotes/author/saint-augustine/) > [The protection of private property does more than promote market efficiency; it enhances the level of human freedom in the most intimate and personal…](https://sms4smile.com/quotes/richard-allen-epstein/the-protection-of-private-property-does-more-than-promote-market/) [Richard Allen Epstein](https://sms4smile.com/quotes/author/richard-allen-epstein/) > [If I am a thief, it's because of private property.](https://sms4smile.com/quotes/facundo-cabral/if-i-am-a-thief-it-s-because-of-private-property/) [Facundo Cabral](https://sms4smile.com/quotes/author/facundo-cabral/) > [“Your brain is your own personal property, a little bit like a private part, so whatever it decides to think of me is therefore…](https://sms4smile.com/quotes/criss-jami/your-brain-is-your-own-personal-property-a-little-bit-like-a-private/) [Criss Jami](https://sms4smile.com/quotes/author/criss-jami/) > [Killing the private property-that was the center of the Marxist economy and Marxist ideology. That was the center of the Lenin ideology.](https://sms4smile.com/quotes/anatoly-chubais/killing-the-private-property-that-was-the-center-of-the-marxist/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [The Bolsheviks started not just on the killing of private property; they were trying to abolish money itself.](https://sms4smile.com/quotes/anatoly-chubais/the-bolsheviks-started-not-just-on-the-killing-of-private-property/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [Individual and institutional investors alike frequently demonstrate an inability to make long-term investment decisions based on business fundamentals.](https://sms4smile.com/quotes/seth-klarman/individual-and-institutional-investors-alike-frequently-demonstrate/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [No one spends someone elses money as carefully as he spends his own.](https://sms4smile.com/quotes/mark-skousen/no-one-spends-someone-elses-money-as-carefully-as-he-spends-his-own/) [Mark Skousen](https://sms4smile.com/quotes/author/mark-skousen/) > [There are, after all, atheists who say they wish the fable were true but are unable to suspend the requisite disbelief, or who have…](https://sms4smile.com/quotes/christopher-hitchens/there-are-after-all-atheists-who-say-they-wish-the-fable-were-true/) [Christopher Hitchens](https://sms4smile.com/quotes/author/christopher-hitchens/) > [Climate change is not an excuse to give the federal government ever more power over private property and state resources.](https://sms4smile.com/quotes/luther-strange/climate-change-is-not-an-excuse-to-give-the-federal-government-ever/) [Luther Strange](https://sms4smile.com/quotes/author/luther-strange/) > [The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-system-of-private-property-is-the-most-important-guaranty-of/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Every human creates his own problems. Problems are ones private property and we shouldnt meddle into them self-initiatively.](https://sms4smile.com/quotes/ruben-papian/every-human-creates-his-own-problems-problems-are-ones-private/) [Ruben Papian](https://sms4smile.com/quotes/author/ruben-papian/) > [It must be assumed and established as a principle, that the right of private property must be regarded as sacred. Wherefore, the law ought…](https://sms4smile.com/quotes/pope-leo-xiii/it-must-be-assumed-and-established-as-a-principle-that-the-right-of/) [Pope Leo XIII](https://sms4smile.com/quotes/author/pope-leo-xiii/) ## More by Anatoly Chubais > [Money is the kind of instrument which is very speedily produced.](https://sms4smile.com/quotes/anatoly-chubais/money-is-the-kind-of-instrument-which-is-very-speedily-produced/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [There are no two countries with the same style of economic mechanism, with the same capitalism.](https://sms4smile.com/quotes/anatoly-chubais/there-are-no-two-countries-with-the-same-style-of-economic-mechanism/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [The Bolsheviks started not just on the killing of private property; they were trying to abolish money itself.](https://sms4smile.com/quotes/anatoly-chubais/the-bolsheviks-started-not-just-on-the-killing-of-private-property/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [The Moscow energy system has never sustained such a load.](https://sms4smile.com/quotes/anatoly-chubais/the-moscow-energy-system-has-never-sustained-such-a-load/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [In 1995 the whole political situation was very complicated. I was the first deputy prime minister, and at the same time I had very…](https://sms4smile.com/quotes/anatoly-chubais/in-1995-the-whole-political-situation-was-very-complicated-i-was-the/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [40 million Russians are convinced that I am a scoundrel, a thief, a criminal or a CIA agent, who deserves to be shot, hanged…](https://sms4smile.com/quotes/anatoly-chubais/40-million-russians-are-convinced-that-i-am-a-scoundrel-a-thief-a/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [I am joining the government not from the academic position but from St. Petersburg city council.](https://sms4smile.com/quotes/anatoly-chubais/i-am-joining-the-government-not-from-the-academic-position-but-from/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [The directors thought, They understand nothing in the real economy, in real life. They read some stupid books, and they came from the moon…](https://sms4smile.com/quotes/anatoly-chubais/the-directors-thought-they-understand-nothing-in-the-real-economy-in/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [I joined the city government, and we start to operate as the bureaucrats on the local level, so we were the only ones in…](https://sms4smile.com/quotes/anatoly-chubais/i-joined-the-city-government-and-we-start-to-operate-as-the/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [During the Soviet era, private ownership was a crime punishable with up to five years in prison.](https://sms4smile.com/quotes/anatoly-chubais/during-the-soviet-era-private-ownership-was-a-crime-punishable-with/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [Russia should support globalization. The Internet can develop in Russia in a very speedy way.](https://sms4smile.com/quotes/anatoly-chubais/russia-should-support-globalization-the-internet-can-develop-in/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [Killing the private property-that was the center of the Marxist economy and Marxist ideology. That was the center of the Lenin ideology.](https://sms4smile.com/quotes/anatoly-chubais/killing-the-private-property-that-was-the-center-of-the-marxist/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [There is a state that is able to understand the demand in the economy. That state should use prices as an instrument for implementation…](https://sms4smile.com/quotes/anatoly-chubais/there-is-a-state-that-is-able-to-understand-the-demand-in-the-economy/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [The Americans have gone through 150 years of ups and downs, to pull themselves up out of the mud. 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This much is true, no coach…](https://sms4smile.com/quotes/adolph-rupp/if-a-coach-is-determined-to-stay-in-the-coaching-profession-he-will/) [Adolph Rupp](https://sms4smile.com/quotes/author/adolph-rupp/) > [The suppression of uncomfortable ideas may be common in religion or in politics, but it is not the path to knowledge; it has no…](https://sms4smile.com/quotes/carl-sagan/the-suppression-of-uncomfortable-ideas-may-be-common-in-religion-or/) [Carl Sagan](https://sms4smile.com/quotes/author/carl-sagan/) > [Early experience shapes the structure and function of the brain. This reveals the fundamental way in which gene expression is determined by experience.](https://sms4smile.com/quotes/daniel-j-siegel/early-experience-shapes-the-structure-and-function-of-the-brain-this/) [Daniel J. 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