ABSTRACT
This chapter is concerned with an entirely different economic argument against socialism, which is also however a strong determinant of the predominantly negative attitude toward socialism among the populations of the advanced capitalist nations, as typified by the United States. The most general formulation of the objection to socialism raised by the people's capitalism thesis is that under contemporary capitalism the distribution of expected lifetime capital property income is not unduly unequal. The chapter purposes that the total amount of property return under socialism would be the same as it is under capitalism. It is also concerned with relative distribution under capitalism and socialism of future flows of capital property income. The chapter explores the consequences of reductions as far as the proportion of the population that would be benefited by a transition to socialism is concerned.
