admits of a reaction towards well-divided property.

For example: the operation of buying out some great tract of private ownership today (as a railway or a harbour company) with public funds, continuing its administration by publicly paid officials and converting its revenue to public use, is a thing with which we are familiar and which seemingly might be indefinitely multiplied. Individual examples of such transformation of waterworks, gas, tramways, from a capitalist to a collectivist basis are common, and the change does not disturb any fundamental thing in our society. When a private water company or tramway line is bought by some town and worked thereafter in the interests of the public, the transaction is effected without any perceptible friction, disturbs the life of no private citizen, and seems in every way normal to the society in which it takes place.

Upon the contrary, the attempt to create a large number of shareholders in such enterprises and artificially to substitute many partners, distributed throughout a great number of the population, in the place of the original few capitalist owners, would prove lengthy and at every step would arouse opposition, would create disturbance, would work at an expense of great friction, and would be imperilled by the power of the new and many owners to sell again to a few.

In a word, the man who desires to reestablish property as an institution normal to most citizens in the state is working against the grain of our existing capitalist society, while a man who desires to establish socialism⁠—that is collectivism⁠—is working with the grain of that society. The first is like a physician who should say to a man whose limbs were partially atrophied from disuse: “Do this and that, take such and such exercise, and you will recover the use of your limbs.” The second is like a physician who should say: “You cannot go on as you are. Your limbs are atrophied from lack of use. Your attempt to conduct yourself as though they were not is useless and painful; you had better make up your mind to be wheeled about in a fashion consonant to your disease.” The physician is the reformer, his patient the proletariat.

It is not the purpose of this book to show how and under what difficulties a condition of well-divided property might be restored and might take the place (even in England) of that capitalism which is now no longer either stable or tolerable; but for the purposes of contrast and to emphasise my argument I will proceed, before showing how the collectivist unconsciously makes for the servile state, to show what difficulties surround the distributive solution and why, therefore, the collectivist solution appeals so much more readily to men living under capitalism.


If I desire to substitute a number of small owners for a few large ones in some particular enterprise, how shall I set to work?

I might boldly confiscate and redistribute at a blow. But by what process should I choose the new owners? Even supposing that there was some machinery whereby the justice of the new distribution could be assured, how could I avoid the enormous and innumerable separate acts of injustice that would attach to general redistributions? To say “none shall own” and to confiscate is one thing; to say “all should own” and apportion ownership is another. Action of this kind would so disturb the whole network of economic relations as to bring ruin at once to the whole body politic, and particularly to the smaller interests indirectly affected. In a society such as ours a catastrophe falling upon the state from outside might indirectly do good by making such a redistribution possible. But no one working from within the state could provoke that catastrophe without ruining his own cause.

If, then, I proceed more slowly and more rationally and canalise the economic life of society so that small property shall gradually be built up within it, see against what forces of inertia and custom I have to work today in a capitalist society!

If I desire to benefit small savings at the expense of large, I must reverse the whole economy under which interest is paid upon deposits today. It is far easier to save £100 out of a revenue of £1,000 than to save £10 out of a revenue of £100. It is infinitely easier to save £10 out of a revenue of £100 than £5 out of a revenue of £50. To build up small property through thrift when once the mass have fallen into the proletarian trough is impossible unless you deliberately subsidise small savings, offering them a reward which, in competition, they could never obtain; and to do this the whole vast arrangement of credit must be worked backwards. Or, let the policy be pursued of penalising undertakings with few owners, of heavily taxing large blocks of shares and of subsidising with the produce small holders in proportion to the smallness of their holding. Here again you are met with the difficulty of a vast majority who cannot even bid for the smallest share.

One might multiply instances of the sort indefinitely, but the strongest force against the distribution of ownership in a society already permeated with capitalist modes of thought is still the moral one: Will men want to own? Will officials, administrators, and lawmakers be able to shake off the power which under capitalism seems normal to the rich? If I approach, for instance, the works of one of our great trusts, purchase it with public money, bestow, even as a gift, the shares thereof to its workmen, can I count upon any tradition of property in their midst which will prevent their squandering the new wealth? Can I discover any relics of the cooperative instinct among such men? Could I get managers and organisers to take a group of poor men seriously or to serve them as they would serve rich men? Is not the whole psychology of a capitalist society divided between the proletarian mass which thinks

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