These broad principles about one’s way of living are very simple; our minds move freely among them. But the real interest is with the individual case, and the individual case is almost always complicated by the fact that the existing social and economic system is based upon conditions that the growing collective intelligence condemns as unjust and undesirable, and that the constructive spirit in men now seeks to supersede. We have to live in a provisional State while we dream of and work for a better one.

The ideal life for the ordinary man in a civilized, that is to say a Socialist, State would be in public employment or in private enterprise aiming at public recognition. But in our present world only a small minority can have that direct and honourable relation of public service in the work they do; most of the important business of the community is done upon the older and more tortuous private ownership system, and the great mass of men in socially useful employment find themselves working only indirectly for the community and directly for the profit of a private owner, or they themselves are private owners. Every man who has any money put by in the bank, or any money invested, is a private owner, and in so far as he draws interest or profit from this investment he is a social parasite. It is in practice almost impossible to divest oneself of that parasitic quality however straightforward the general principle may be.

It is practically impossible for two equally valid sets of reasons. The first is that under existing conditions, saving and investment constitute the only way to rest and security in old age, to leisure, study and intellectual independence, to the safe upbringing of a family and the happiness of one’s weaker dependents. These are things that should not be left for the individual to provide; in the civilized state, the state itself will insure every citizen against these anxieties that now make the study of the City Article almost a duty. To abandon saving and investment to-day, and to do so is of course to abandon all insurance, is to become a driven and uncertain worker, to risk one’s personal freedom and culture and the upbringing and efficiency of one’s children. It is to lower the standard of one’s personal civilization, to think with less deliberation and less detachment, to fall away from that work of accumulating fine habits and beautiful and pleasant ways of living contributory to the coming State. And in the second place there is not only no return for such a sacrifice in anything won for Socialism, but for fine-thinking and living people to give up property is merely to let it pass into the hands of more egoistic possessors. Since at present things must be privately owned, it is better that they should be owned by people consciously working for social development and willing to use them to that end.

We have to live in the present system and under the conditions of the present system, while we work with all o............