ABSTRACT
One of the most marked features of our present society is the very unequal distribution of the ownership of property. Inequalities in earnings are very great, but inequalities in the ownership of properties are much greater still. The intelligent radical has no desire to put an end to private property, since he values the independence of action and the decentralisation of power that can be achieved through a wide spread of the individual ownership of private property. But he does strongly object to the existing excessive inequalities of private property and to the large concentrations of power and privilege which they involve. His ideal society is a property-owning democracy in which every able-bodied citizen is both a worker and a property-owner and in which the existing inequalities both in income and in property are greatly moderated.
