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View Diary: Who are the "Makers" and the "Takers"? (99 comments)

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  •  Labor (10+ / 0-)

    Abraham Lincoln famously said:

    Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.
    And conservatives really don't want you to read Adam Smith for yourself:
    The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. What every thing is really worth to the man who has acquired it, and who wants to dispose of it or exchange it for something else, is the toil and trouble which it can save to himself, and which it can impose upon other people. (Wealth of Nations Book 1, chapter V)

    The wolfpack eats venison. The lone wolf eats mice.

    by A Citizen on Wed Nov 14, 2012 at 05:18:10 PM PST

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