"We face the fact that our side has been in retreat for four hundred years without, however, having been entirely driven from the field. One corner is yet left. When we survey the scene to find something which the rancorous leveling wind of utilitarianism has not brought down, we discover one institution, shaken somewhat, but still strong and perfectly clear in its implications. This is the right of private property, which is, in fact, the last metaphysical right remaining to us. The ordinances of religion, the prerogatives of sex and of vocation, all have been swept away by materialism, but the relationship of a man to his own has until the present largely escaped attack. The metaphysical right of religion went out at the time of the Reformation. Others have been gradually eroded by the rising rule of appetite. ... Its survival may be an accident, yet it ... is the sole thing left among us to illustrate what right, independent of service or utility, means. We say the right of private property is metaphysical because it does not depend on any test of social usefulness. Property rests upon the idea of the hisness of his: proprietas, Eigentum, the very words assert an identification of owner and owned. Now the great value of this is that the fact of something's being private property removes it from the area of contention. In the hisness of property we have dogma; there discussion ends. ... It is a self-justifying right, which until lately was not called upon to show in the forum how its “ services" warranted its continuance in a state dedicated to collective well-being. At this point I would make abundantly clear that the last metaphysical right offers nothing in defense of that kind of property brought into being by finance capitalism. Such property is, on the contrary, a violation of the very notion of proprietas. This amendment of the institution to suit the uses of commerce and technology has done more to threaten property than anything else yet conceived. For the abstract property of stocks and bonds, the legal ownership of enterprises never seen, actually destroy the connection between man and his substance without which metaphysical right becomes meaningless. Property in this sense becomes a fiction useful for exploitation and makes impossible the sanctification of work."