_The Socialist holds that the community as a whole should be inalienably the owner and administrator of the land, of raw materials, of values and resources accumulated from the past, and that private property must be of a terminable nature, reverting to the community, and subject to the general welfare._
This is the second of the twin generalizations upon which the edifice of modern Socialism rests. Like the first, and like the practical side of all sound religious teaching, it is a specific application of one general rule of conduct, and that is the subordination of the individual motive to the happiness and welfare of the species.
But now the reader unaccustomed to Socialist discussion will begin to see the crude form of the answer to the question raised by the previous chapter; he will see the resources from which the enlargement of human life we there contemplated is to be derived, and realize the economic methods to be pursued. Collective ownership is the necessary corollary of collective responsibility. There are to be no private land owners, no private bankers and lenders of money, no private insurance adventurers, no private railway owners nor shipping owners, no private mine owners, oil kings, silver kings, coal and wheat forestallers or the like. All this realm of property is to be resumed by the State, is to be State-owned and State-managed, and the vast revenues that are now devoted to private ends will go steadily to feed, maintain and educate a new and better generation, to promote research and advance science, to build new houses, develop fresh resources, plant, plan, beautify and reconstruct the world.
THE SPIRIT OF GAIN AND THE SPIRIT OF SERVICE
We have stated now how the constructive plan of Socialism aims to replace the accepted ideas about two almost fundamental human relations by broader and less fiercely egotistical conceptions; how it denies a man "property" rights over his wife and children, leaving, however, all his other relations with them intact, how it would insure and protect their welfare, and how it asserts that a vast range of inanimate things also which are now held as private property must be regarded as the inalienable possession of the whole community. This change in the circle of ideas (as the Herbartians put it) is the essence of the Socialist project.