The Theory of Distribution And Consumption

Cover The Theory of Distribution And Consumption
The Theory of Distribution And Consumption
Thomas of London Lloyd
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But of late opinion on that point has been changing. In saying this reference is not made to the kind of wild, unreasoned theory that passes under the name of SociaHsm. The reference is to real thinkers who are endeavouring to modify, at all events to some extent, extreme individuahsm in regard to land by promoting co-operation, and to other thinkers who go very much farther. In the United States and in our own self-govern- ing colonies, it is taken for granted that individual owner- 340 THE TH...EORY OF DISTRIBUTION ship of land is the natural and right system — indeed, the only one that secures real prosperity. As a matter of fact, individual ownership of land has so far been only a partial success either in the United States or in our Colonies. Every person who has travelled widely in the United States must have often asked himself, Where is the rural population ? so exceedingly sparse is it. There are great towns in abundance, but there is httle evidence of a rural population. Greater New York is, in population, the second city in Christendom, and Chicago is following close upon its footsteps.

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