But when we have stipulated for the replacement of individual private ownership by more highly organised forms of collective ownership, subject to free criticism and responsible to the whole republic of mankind, in the general control of sea and land, in the getting, preparation and distribution of staple products and in transport, we have really named all the possible generalisations of concrete ownership that the most socialistic of contemporaries will be disposed to demand. And if we add to that the necessary maintenance of a money system by a central world authority upon a basis that will make money keep faith with the worker who earns it, and represent from first to last for him the value in staple commodities he was given to understand it was to have, and if we conceive credit adequately controlled in the general interest by a socialised world banking organisation, we shall have defined the entire realm from which individual property and unrestricted individual enterprise have been excluded. Beyond that, the science of social psychology will probably assure us that the best work will be done for the world by individuals free to exploit their abilities as they wish. If the individual land-owner or mineral-owner disappears altogether from the world, he will probably be replaced over large areas by tenants with considerable security of tenure, by householders and by licensees under collective proprietors. It will be the practice, the recognised best course, to allow the cultivator to profit as fully as possible by his own individual productivity and to leave the householder to fashion his house and garden after his own desire. Such in the very broadest terms is the character of the world commonweal towards which the modern imagination is moving, so far as its direction and economic life are concerned. The organisation of collective bodies capable of exercising these wider proprietorships which cannot be properly used in the common interest by uncorrelated individual owners, is the positive practical problem before the intelligent portion of mankind to-day. The nature of such collective bodies is still a series of open questions, even upon such points as whether they will be elected bodies or groups deriving their authority from other sanctions. Their scope and methods of operation, their relations to one another and to the central bureau of intelligence, remain also to be defined. But before we conclude this essay we may be able to find precisions for at least the beginning of such definition.