the other.

The economic system we should ultimately wish to see would be one in
which the state would be the sole recipient of economic rent, while
private capitalistic enterprises should be replaced by self-governing
combinations of those who actually do the work. It ought to be
optional whether a man does a whole day's work for a whole day's pay,
or half a day's work for half a day's pay, except in cases where such
an arrangement would cause practical inconvenience. A man's pay
should not cease through the accident of his work being no longer
needed, but should continue so long as he is willing to work, a new
trade being taught him at the public expense, if necessary.
Unwillingness to work should be treated medically or educationally,
when it could not be overcome by a change to some more congenial
occupation.

The workers in a given industry should all be combined in one
autonomous unit, and their work should not be subject to any outside
control. The state should fix the price at which they produce, but
should leave the industry self-governing in all other respects. In
fixing prices, the state should, as far as possible, allow each
industry to profit by any improvements which it might introduce into
its own processes, but should endeavor to prevent undeserved loss or
gain through changes in external economic conditions. In this way
there would be every incentive to progress, with the least possible
danger of unmerited destitution. And although large economic
organizations will continue, as they are bound to do, there will be a
diffusion of power which will take away the sense of individual
impotence from which men and women suffer at present.