gard to
their real capital--their factories, farms, mines or machinery--that
will be a different matter... To allow these things to remain idle and
unproductive would constitute an injury to the community. So a law
will be passed, declaring that all land not cultivated by the owner, or
any factory shut down for more than a specified time, will be taken
possession of by the State and worked for the benefit of the
community... Fair compensation will be paid in paper money to the
former owners, who will be granted an income or pension of so much a
year either for life or for a stated period according to circumstances
and the ages of the persons concerned.

'As for the private traders, the wholesale and retail dealers in the
things produced by labour, they will be forced by the State competition
to close down their shops and warehouses--first, because they will not
be able to replenish their stocks; and, secondly, because even if they
were able to do so, they would not be able to sell them. This will
throw out of work a great host of people who are at present engaged in
useless occupations; the managers and assistants in the shops of which
we now see half a dozen of the same sort in a single street; the
thousands of men and women who are slaving away their lives producing
advertisements, for, in most cases, a miserable pittance of metal
money, with which many of them are unable to procure sufficient of the
necessaries of life to secure them from starvation.

'The masons, carpenters, painters, glaziers, and all the others engaged
in maintaining these unnecessary stores and shops will all be thrown
out of employment, but all of them who are willing to work will be
welcomed by the State and will be at once employed helping either to
produce or distribute the necessaries and comforts of life. They will
have to work fewer hours than before... They will not have to work so
hard--for there will be no need to drive or bully, because there will
be plenty of people to do the work, and most of it will be done by
machinery--and with their paper money they will be able to buy
abundance of the things they help to produce. The shops and stores
where these people were formerly employed will be acquired by the
State, which will pay the former owners fair compensation in the same
manner as to the factory owners. Some of the buildings will be
utilized by the State as National Service Stores, others transformed
into factories and oth