Excerpt from Property and Contract in Their Relations to the Distribution of Wealth, Vol. 2
We have seen the advantages of private property. Socialists frequently claim, however, that these advantages of private property simply emphasise the disadvantages of those who have no private property, making helpless dependents of the latter. It is conceivable that even if it is necessary that many people should be permanently without the advantages of private property, its advantages would nevertheless outweigh the disadvantages, even for the propertyless. But it is pertinent to ask the question, Can we not universalise private property and confer upon everyone the advantages of private property? Why should we not be able to universalise property as we have universalised education? While it is admittedly a more difficult undertaking, it is by no means hopeless, except in the case of the incompetent who form the sad "rubbish heap" of humanity; and it may be maintained that even they are better off on account of private property.
First of all we may consider the general measures for the universalisation of private property.
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