“Wealth in the hands of the holders of wealth is not capital until it controls the means of production, buys labor power, and puts it to work, continuously expanding surpluses by intensifying productivity through an ever-rising curve of technological inputs.”
Source: Europe and the People Without History, 1982, Chapter 3, Modes of Production, p. 78.
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Eric Wolf24
American anthropologist 1923–1999Related quotes
Eric Wolf (1923–1999) American anthropologist
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Context: The real difficulty is with the vast wealth and power in the hands of the few and the unscrupulous who represent or control capital. Hundreds of laws of Congress and the state legislatures are in the interest of these men and against the interests of workingmen. These need to be exposed and repealed. All laws on corporations, on taxation, on trusts, wills, descent, and the like, need examination and extensive change. This is a government of the people, by the people, and for the people no longer. It is a government of corporations, by corporations, and for corporations. — How is this?
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Source: Europe and the People Without History, 1982, Chapter 10, Crises and Differentiation in Capitalism, p. 298.
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