Where you stand on the left/right political spectrum relates to the division of control and/or ownership of property. Property usually comes in two different forms: land (aka Nature) and capital. Property is what most people call, "the economy". Property in this sense is not your underwear, your cat, your glass, your room or your personal belongings in general, including your car and home. Property is for example: a factory, an apartment complex, a TV station, a supermarket corporation, a small business, a coal mine, a pizza franchise, a petrol station, a bank. These places, unlike your home or your cat are where wealth and more property are created.
Property is created by everyday people like you and me. Even if it is just land, property in this sense is the mutual recognition amongst people living in a society that this or that is owned and/or controlled by this or that person or group of people and is suitable for sale. The recognition that property is for sale is codified in laws of the State. Ownership and control of the property people create and own is political because it involves "The First Principle" of politics: the power to control people or make people do things.
Most property these days is created by employing labour and using its skills to produce commodities for sale with a view to profit. Employers hire workers to use their skills to produce goods and services, which they then own and sell as commodities for profit. In combination with the natural resources which exist and are owned as property and the various pieces of land and buildings owned by landlords, these goods and services constitute the wealth of society.
The wealth of society is measured by dollars. This means that a lot of useful activities and things are not counted as important i.e. they are not valued in money. For example: parenting has no exchangeable value, because that activity doesn't make anybody else money or, doing the dishes around the house or, mowing your own lawn. However, outside the home, a group of workers may sell what they are able to do to an employer who owns a pizza parlour. The employer buys their skills and time. This becomes their wage or salary in short, their way of making a living. Once their time and skills are purchased, the workers engage in the labour associated with making and delivering pizzas. The profit created by making and delivering the pizza belongs to their employer. The wealth, which is represented in the wages which the workers get from selling their skills and time to the employer, belongs to them.
Who has control over the wealth produced by workers is the question which defines peoples' political stance as being on either the left or right. The political position of the right is that the wealth employers accumulate should remain in their hands, to do with as they please. On the other hand, the leftist position is that the people who produce wealth should be allowed to at least have some ownership and/or control of the property they produce.
full: http://wobblytimes.blogspot.com/2009/11/what-politics-mean.html