The preceding considerations appear sufficient to show that an entire
renovation of the social fabric, such as is contemplated by Socialism,
establishing the economic constitution of society upon an entirely new
basis, other than that of private property and competition, however
valuable as an ideal, and even as a prophecy of ultimate
possibilities, is not available as a present resource, since it
requires from those who are to carry on the new order of things
qualities both moral and intellectual, which require to be tested in
all, and to be created in most; and this cannot be done by an Act of
Parliament, but must be, on the most favorable supposition, a work of
considerable time. For a long period to come the principle of
individual property will be in possession of the field; and even if in
any country a popular movement were to place Socialists at the head of
a revolutionary government, in however many ways they might violate
private property, the institution itself would survive, and would
either be accepted by them or brought back by their expulsion, for the
plain reason that people will not lose their hold of what is at
present their sole reliance for subsistence and security until a
substitute for it has been got into working order. Even those, if any,
who had shared among themselves what was the property of others would
desire to keep what they had acquired, and to give back to property in
the new hands the sacredness which they had not recognised in the old.
But though, for these reasons, individual property has presumably a
long term before it, if only of provisional existence, we are not,
therefore, to conclude that it must exist during that whole term
unmodified, or that all the rights now regarded as appertaining to
property belong to it inherently, and must endure while it endures. On
the contrary, it is both the duty and the interest of those who derive
the most direct benefit from the laws of property to give impartial
consideration to all proposals for rendering those laws in any way
less onerous to the majority. This, which would in any case be an
obligation of justice, is an injunction of prudence also, in order to
place themselves in the right against the attempts which are sure to
be frequent to bring the Socialist forms of society prematurely into
operation.
One of the mistakes oftenest committed, and which are the sources of
the greatest practical errors in human affairs, is that of supposing
that the same name always stands for the same aggregation of ideas. No
word has been the subject of more of this kind of misunderstanding
than the word property. It denotes in every state of society the
largest powers of exclusive use or exclusive control over things (and
sometimes, unfortunately, over persons) which the law accords, or
which custom, in that state of society, recognizes; but these powers
of exclusive use and control are very various, and differ greatly in
different countries and in different states of society.