Collective Ownership
1. The collective ownership and democratic management of railroads, wire and wireless telegraphs and telephones, express services, steamboat lines and all other social means of transportation and communication and of all large scale industries.
2. The immediate acquirement by the municipalities, the States or the federal government of all grain elevators, stock yards, storage warehouses and other distributing agencies, in order to reduce the present extortionate cost of living.
3. The extension of the public domain to include mines, quarries, oil wells, forests and water power.
4. The further conservation and development of natural resources for the use and benefit of all the people:
(a) By scientific forestation and timber protection.
(b) By the reclamation of arid and swamp tracts.
(c) By the storage of flood waters and the utilization of water power.
(d) By the stoppage of the present extravagant waste of the soil and of the products of mines and oil wells.
(e) By the development of highway and waterway systems.
5. The collective ownership of land wherever practicable, and, in cases where such ownership is impracticable, the appropriation by taxation of the annual rental value of all land held for speculation.
6. The collective ownership and democratic management of the banking and currency system.