Chapter 4 reassesses Hegel’s views on property and its role within a rational state. In the Philosophy of Right’s initial stage, devoted to ‘abstract right’, each person is defined as an independent legal agent, with the right to own and exchange property. From this standpoint, the political sphere is but a prolongation of the legal sphere and the state is reduced to an external authority, charged with regulating existing property relations. As the progression unfolds, however, this legalistic framework is called into question: it turns out that individual rights are not the true foundation of the state, but a part thereof, subordinated to a wider commitment to the common good. Yet while this commitment is clearly affirmed by Hegel, it is at odds with the priority he accords to private property, in the progression’s later stages, over other forms of ownership. Taking a different path, the chapter argues that a Hegelian theory of property entails a critical revision of Hegel’s actual treatment of property rights. If the state is to bring together the citizens’ particular interests and the common good, the ownership of society’s productive resources must be shared by all of its members.