Third and last, there is economic liberty; that is, freedom to earn one's living. We have seen that the lawless savage enjoys economic freedom. There is no restraint whatever upon him in procuring those things which he needs—whether food, clothing, or shelter. We have also seen that his position was immensely improved by the institution of property in the product of toil, for under this definition of property he practically enjoyed security and retained all the freedom previously enjoyed except the freedom to rob; and he enjoyed thereby a larger freedom because he did not have to keep perpetual watch over the things he had hunted or produced.

But the moment the land was appropriated by a few men so that the majority could not work on the land except as the wage servants of the propertied class, then economic liberty came to an end; for no man can be considered economically free if he depends upon some other man not only for the means of subsistence, but for opportunity to work in order to earn the means of subsistence. This economic dependence, due to the appropriation of land by a class, results in a loss of all the other liberties; for the franchise is of no value to a man every waking hour of whose day has to be spent in earning a wage just sufficient to support himself and his family. A vote can only be effectually exercised if directed by a political education sufficient to understand the political problems of the day, and if combined with other votes in a political organization sufficient to carry out the collective will of the people. The facility with which the Republican and Democratic parties have divided the vote of the proletariat is mainly due, I think, to the fact that the proletariat is too exhausted by overwork to undertake political organization, though it is beginning now to understand the necessity for doing so.

Last, but not least, a man cannot be regarded as enjoying liberty to any appreciable extent if his actions during all the waking hours of the day are determined, not by his own free will, but by the factory bell.

And although it may be necessary to secure personal and political liberty before economic liberty can be attained, it is certain that until economic liberty be attained, neither political nor personal liberty is effectually enjoyed. This subject will be treated at greater length when we study the Political Aspect of Socialism.[76] The point which it is essential to keep clearly in mind now is that there are two notions of property, one of which is beneficent, and furnishes a maximum of security and a maximum of liberty; the other of which is unjust, and furnishes neither security nor liberty except to the privileged few. The first is the theory that men are entitled to property in the product of their labor; the second is that men are entitled to property in things which are not the product of their labor.

The most conspicuous of these things is land, which of course is not the product of any man's labor, but the gift of Nature or God to the whole race, or in America to Americans—certainly not to the Englishman, W.W. Astor, for instance. And the appropriation by a few men of all the tools of production—the factories, water power, steam power, electric power, and of the great natural monopolies such as railroads, telegraphs, telephones, tramways, gas, etc., has had just as bad a result as the appropriation of land, for it has brought about exactly the same condition—the exploitation of the many by the few. This is the point which Henry George has overlooked, and it is a failure to appreciate this fact that principally occasions the differences between Single Taxers and Socialists. Private ownership of land by a few was doubtless in its origin an act of spoliation; whereas private ownership of factories and natural monopolies was the result of the application of intelligence and labor to the organization of industry. The latter, therefore, seems relatively justifiable, whereas the first is not justifiable. But if the effect of the latter is as bad for the community as that of the former, and if there can be no escape from this system of exploitation except by readjusting property in factories as well as property in land, does it not seem evident that both must equally be faced?

At this point it may be well to point out that sound Socialism does not endorse such exaggeration as Proudhon's "La propriété est le vol"—"Property is theft," though there may be Socialists who do. On the contrary, the fundamental basis of sound Socialism is the distinction between property in the product of men's own toil and property in the product of other men's toil. The one is altogether just and beneficial; the other is unjust and detrimental.

Nor does Socialism fail to take into account the undoubted fact that much land and many factories represent to-day an investment of accumulated wages; and that to expropriate such land without compensation would be as unjust an act of spoliation as the seizure of land by violence or the enclosing of commons by craft.

On the contrary, Socialism recognizes that the problem of how to readjust property so as to secure to men the full product of their toil is of great difficulty and can only be solved by the application thereto of the highest deliberation and wisdom. It appeals, therefore, to those who have knowledge and those who have experience, those who have studied and those who have suffered, convinced that it is by uniting knowledge and experience and not by disuniting them that the solution can best be attained.

We are now in a position to complete what has been said on the subject of liberty.

Liberty is defined in all our dictionaries as "freedom from restraint."