So we find Socialism means Co-operation, and non-Socialism means Competition.

Co-operation, as here used, means operating or working together for a common end or purpose.

Competition means competing or vying with each other for personal ends or gain.

I'm afraid that is all as "dry" as bran, and as sad as a half-boiled dumpling; but I want to make it quite plain.

And now we will run over it all again in a more homely and lively way.

You know that to-day most of the land in Britain belongs to landlords, who let it to farmers or builders, and charge rent for it.

Socialists (all Socialists) say that all the land should belong to the British people, to the nation.

You know that the railways belong to railway companies, who carry goods and passengers, and charge fares and rates, to make profit.

Socialists all say that the railways should be bought by the people. Some say that fares should be charged, some that the railways should be free—just as the roads, rivers, and bridges now are; but all agree that any profit made by the railways should belong to the whole nation. Just as do the profits now made by the post office and the telegraphs.