on the other hand, would exact work. Some of them would make the incomes of all workers equal, while others would retain higher pay for the work which is considered more valuable. All these different systems are compatible with the common ownership of land and capital, though they differ greatly as regards the kind of society which they would produce.
Socialism with inequality of income would not differ greatly as regards the economic stimulus to work from the society in which we live. Such differences as it would entail would undoubtedly be to the good from our present point of view. Under the existing system many people, enjoy idleness and affluence through the mere accident of inheriting land or capital. Many others, through their activities in industry or finance, enjoy an income which is certainly very far in excess of anything to which their social utility entitles them. On the other hand, it often happens that inventors and discoverers, whose work has the very greatest social utility, are robbed of their reward either by capitalists or by the failure of the public to appreciate their work until too late. The better paid work is only open to those who have been able to afford an expensive training, and these men are selected in the main not by merit but by luck. The wage-earner is not paid for his willingness to work, but only for his utility to the employer. Consequently, he may be plunged into destitution by causes over which he has no control. Such destitution is a constant fear, and when it occurs, it produces undeserved suffering, and often deterioration in the social value of the
