He generally termed the former "possession" and the latter "property." For large-scale industry, he supported workers associations to replace wage labor and opposed land ownership. Proudhon maintained that workers should retain the entirety of what they produce, and that monopolies on credit and land are the forces that prohibit this. He advocated an economic system he called mutualism that included possession and exchange of private property but without profit. Joseph Déjacque explicitly rejected Proudhon's philosophy, instead preferring anarchist-communism, asserting directly to Proudhon in a letter that "it is not the product of his or her labor that the worker has a right to, but to the satisfaction of his or her needs, whatever may be their nature." An individualist rather than anarchist communist, Proudhon said that "communism...is the very denial of society in its foundation..." and famously declared that "property is theft!" in reference to his rejection of ownership rights to land being granted to a person who is not using that land. After Déjacque and others split from Proudhon, the relationship between individualists, and anarcho-communists was characterized by various degrees of antagonism and harmony. For example, individualists like Tucker at once translated and reprinted the works of collectivists like Mikhail Bakunin while rejecting the economic aspects of collectivism and communism as incompatible with anarchist ideals. Mutualism Mutualism is an anarchist school of thought which can be traced to the writings of Pierre-Joseph Proudhon, who envisioned a society where each person might possess a means of production, either individually or collectively, with trade representing equivalent amounts of labor in the free market. Integral to the scheme was the establishment of a mutual-credit bank which would lend to producers at a minimal interest rate only high enough to cover the costs of administration. Mutualism is based on a labor theory of value which holds that when labour or its product is sold, in exchange it ought to receive goods or services embodying "the amount of labor necessary to produce an article of exactly similar and equal utility". Some mutualists believe that if the state did not intervene, individuals would receive no more income than that in proportion to the amount of labor they exert as a result of increased competition in the marketplace. Mutualists oppose the idea of individuals receiving an income through loans, investments and rent as they believe these individuals are not labouring. Some of them argue that if