As the feudal system retained many of the elements of slavery, modified by the traditions, customs, and practices of the primitive communities, so capitalism retained the essential usurpations of feudalism, though professing to guard personal freedom, and to observe equity between the owner and the occupier of the land, the employer and the employed.
It is this trick of capitalism, of subjecting labor to competition, while lifted wholly above it by class law itself, that is objectionable.
As an element in human progress, the right of private property, in importance, has taken first and almost only place in the current systems of law and of political economy. While admitting its great importance, we cannot conceal the fact that the writers on those subjects have wholly failed to distinguish between its use and its abuse, or to recognize its rational and equitable limits.
But there is no equality of opportunity under existing laws and customs. In the race for wealth, which the economist seems as unable to define as to guide, the toiler is most heavily handicapped in the very start.
[T]rue socialism must be voluntary - not coerced. Even in the most complete system of society we can conceive the individual must still have rights and property. He must appropriate food to sustain his life. He must wear clothes which are his. He must have his private and exclusive apartment, and must have the right to be in some place on God's earth from which he cannot be evicted by landlord of society.
The progress of the human race is effected by the operation of two forces which correspond in most respects to what in physics are often called, for want of better terms, the centripetal and centrifugal forces. These are the forces of convergence and divergence, the one tending to concentration of powers and properties, and the other to their separateness or the independence of parts. Socialism and Individualism are to appearance conflicting, though in reality complemental, in their relations to the societary movement.