The naïveté with which the philosophy of “natural” economics ignored the effect upon industry and commerce of the legal status of property, the way in which it identified wealth and property in the legal form in which the latter had existed, is almost incredible to-day.
Dewey critiques the simplistic view of economics that overlooks the legal implications of property.
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Ideas which are not communicated, shared, and reborn in expression are but soliloquy, and soliloquy is but broken and imperfect thought.
The problem of securing diffused and seminal intelligence can be solved only in the degree in which local communal life becomes a reality.
But the wingèd words of conversation in immediate intercourse have a vital import lacking in the fixed and frozen words of written speech.
Competition will continue, but it will be less rivalry for acquisition of material goods, and more an emulation of local groups to enrich direct experience with appreciatively enjoyed intellectual and artistic wealth.