a condition in which the first to do as he likes is privileged, and other people must not do as they like in opposing him. It is simply and purely the substitution of the real for the conventional as the guide of conduct. Substitute the free choice of conduct by all humanity according to their respective needs for action, in place of having some ordinary persons endowed with monopolies of this and that portion of the choice of conduct and resulting destinies of the rest; substitute the enlightened instincts of self-preservation and fellow-feeling together as the standard of morality, in place of obedience; and if not all people are competent for such a life, those of not less than average intelligence and good will certainly are, and they are the community; the others are its enemies.
Property is law in restraint of use and possession, and conferring on the person in whose favor the restriction is declared, authority over his fellow-beings to arbitrarily forbid or impose his own terms for, their use of particular things. The more a man owns, the more he owns you. Like other law in the beginning, it was instituted with good intentions, the idea being to secure to each person undisturbed possession of the things which habitually he resorted to or had reasonable expectation of using for the satisfaction of his needs. In freedom, of course, there will be no ownership, but the reality will be there instead of the formality, and secure all the good aimed at by the latter, without its evil. The moral sense of people at large will, to the utmost of what reasonable and humane men can do, ensure and defend to each the undisturbed opportunity to gratify his purposes with the things he has provided or placed himself in access to for that end; otherwise give him friendly help; and justify him equally with anyone else in such latitude with the means provided for other people's purposes as emergency may render desirable, so long as he displays as much regard for others' convenience as the relative importance and urgency of his needs will enable.
In the absence of Property, capitalism, wages and prices, money, barter, etc., will necessarily be extinguished,