This verse provides God's people with two crucial principles, one economic and one judicial. The economic principle affirms the legitimacy of inequality. The judicial principle affirms the local court system. Modern socialism and its supposed replacement, the much-heralded bureaucratic New World Order, are equally hostile to such a view of civil law. All rural land was supposed to be returned to the original families twice each century.
Liberation theologians say it does.
A lot of conservative Christians say it does. The economic law of Leviticus are neglected at our peril. Not all of them are still in force. An Economic Commentary identifies which ones are, and provides a principle of biblical interpretation to prove it. It is time for Christians to take Leviticus seriously.