Each generation has its own problems to solve, and ignoring for the most part the evils of the distant past, each generation must test existing institutions by their present results.
Sec.6.

#Limitations of private property#.

It is well, in discussing private property, to rid the mind at once of the idea that it is an absolute and unchanging thing.

Few realize the manifold ways in which property rights are limited.

Unmodified private control of property is unknown; the public makes many reservations in its own interest.