940 THE THCOBT OF BUSOnESS KSTKBTKISB
of tntm notira and aiek tcaaaanig as ia cniraitly iBinted to the sodaliaU bjr tfaeir <na«rTsdTe oitao^ the maloouteota would dananJ a redietribittion of ptopertj, a raorganizzttaoD of ownenliip on mcfa new line* a« woold favor the discmtaited rliiMrn Bui audi is not the trend of socialistic
Itfaioking. It lookfl to the disappearance <rf pnip erty Hghu rather than their redistribation. The entire range of doctrines covered by the dieoty of distribution in the received ecoDomics is eseeatiallj (and characteristically) neglected by the modem aociahst speculations.
The perplexity of those who protest against a iupposediy imminent socialistic subversion of property rights is of a twofold kind: (1) The abeenoe I of proprietary rights ia incomprehensible, and a ' living together in society without defined ownership of the means of living is held to be impracticable ; pwnersbij) of goods, in the