134 Social Environment 



ance and other devices, he will not be compelled 

 to attempt the unfamiliar specialization of in- 

 vestment and property management in an 

 endeavor to secure economic safety. With thje 

 basement of society cleared of its wretched 

 slums, with defectives scientifically cared for 

 and the weaker protected, the frantic desire 

 to rise to a leisure-class position will some- 

 what give way to an endeavor to excel in a 

 chosen vocation. As a result, property will 

 tend to fall into the hands of the real business 

 manager rather than the speculator, and the 

 burden of capitalization will diminish. 



A further important advantage will be de- 

 rived from the weight of taxation that will be 

 thrown upon property. This will relieve the 

 pressure of unemployed capital that in its 

 eagerness to exploit foreign fields is now the 

 most fruitful cause for war, and by expanding 

 the spending power of the public will increase 

 home markets. Through the governmental 

 machinery that must be built up it will even- 

 tually be possible to bring about an adjustment 

 between the. social income that is expended in 

 real capitalization on the one hand and in con- 

 sumption on the other, so as to prevent the 

 inflation of speculative property values and the 



