While access to land is free, no one need know want; for he may always get his living by applying his labour to natural resources “on his own.” He may always, that is, work for himself instead of depending for his living on the chance to work for an employer. Under such conditions, moreover, no one need content himself, as the labourer is forced to content himself at present, with a small share of what his labour produces, for as Turgot pointed out a century and a half ago, he can always demand of an employer the full equivalent of what he could earn by working for himself. It is clear that under such an economic system, the share of the capitalist in any product would amount only to a fair competitive return on his actual investment. Under the present system the capitalist often enjoys both directly and indirectly the advantage of monopoly, which enables him to appropriate an unfair proportion of his workers’ labour-product. He is a direct beneficiary of monopoly when he holds legal title to the source of his product--cultivable land, mines, forests, water-power--or where he holds franchises or profits by protective tariffs or embargoes. He is an indirect beneficiary when he profits by the competition for work among workers whom monopoly has deprived of free access to land. The steel-trust, as I have remarked, is a striking example of a capitalist organization which benefits both directly and indirectly by monopoly. On the one hand, it monopolizes and holds out of access vast mining-properties, and monopolizes the home market through a protective tariff. On the other, it levies tribute on labour by virtue of the scarcity of opportunity created by monopoly in general.