That the practice of entrusting the Land of the nation to private
persons in the hope that they will make the best of it has been
discredited by the consistency with which they have made the worst of
it; and that Nationalisation of the Land in some form is a public
duty.
That the pretensions of Capitalism to encourage Invention and to
distribute its benefits in the fairest way attainable, have been
discredited by the experience of the nineteenth century.
That, under the existing system of leaving the National Industry to
organise itself Competition has the effect of rendering adulteration,
dishonest dealing and inhumanity compulsory.
That since Competition amongst producers admittedly secures to the
public the most satisfactory products, the State should compete with
all its might in every department of production.
That such restraints upon Free Competition as the penalties for
infringing the Postal monopoly, and the withdrawal of workhouse and
prison labour from the markets, should be abolished.
That no branch of Industry should be carried on at a profit by the
central administration.
That the Public Revenue should be levied by a direct Tax; and that
the central administration should have no legal power to hold back
for the replenishment of the Public Treasury any portion of the
proceeds of Industries administered by them.
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