1930s, Fireside Chat in the night before signing the Fair Labor Standards (1938)
Context: After many requests on my part the Congress passed a Fair Labor Standards Act, commonly called the Wages and Hours Bill. That Act — applying to products in interstate commerce-ends child labor, sets a floor below wages and a ceiling over hours of labor. Except perhaps for the Social Security Act, it is the most far-reaching, far-sighted program for the benefit of workers ever adopted here or in any other country. Without question it starts us toward a better standard of living and increases purchasing power to buy the products of farm and factory.
Alfred P. Sloan, quoted in: Forbes, Forbes Incorporated, (1959), p. 54
“The living room is a factory and the rooftop is a farm.”
Hsu Shui-teh (1975) cited in " Boy from slum becomes high official http://www.taiwantoday.tw/ct.asp?xItem=135878&CtNode=451" on T@iwan Today, 21 September 1975
" "Higher Taxes on Top 1% Equals Higher Productivity http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=6000", Video Interview (13:28), The Real News Network (TRNN) (January 1, 2011)
Source: 1940s, Quasi-Stationary Social Equilibria and the Problem of Permanent Change, 1947, p. 39.
Speech to the quarterly meeting of the National Production Advisory Council on Industry (28 May 1954), quoted in The Times (29 May 1954), p. 3
Chancellor of the Exchequer
Responding to the accusation that Alibaba sells fake merchandise. "Jack Ma Says Fakes 'Better Quality and Better Price Than the Real Names'” http://blogs.wsj.com/chinarealtime/2016/06/15/jack-ma-says-fakes-better-quality-and-better-price-than-the-real-names/, CHINA REAL TIME REPORT, The Wall Street Journal (June 15, 2016)
Source: Europe and the People Without History, 1982, Chapter 9, Industrial Revolution, p. 267.
Lim Guan Eng (2018) cited in " Govt not just in cost-cutting mode, says Lim https://www.thestar.com.my/news/nation/2018/10/10/govt-not-just-in-costcutting-mode-says-lim/" on The Star Online, 10 October 2018
Anarchism: Its Philosophy and Ideal (1896)
Context: What economists call over-production is but a production that is above the purchasing power of the worker, who is reduced to poverty by Capital and State. Now, this sort of over-production remains fatally characteristic of the present capitalist production, because — Proudhon has already shown it — workers cannot buy with their salaries what they have produced and at the same time copiously nourish the swarm of idlers who live upon their work.
The very essence of the present economic system is, that the worker can never enjoy the well-being he has produced, and that the number of those who live at his expense will always augment. The more a country is advanced in industry, the more this number grows. Inevitably, industry is directed, and will have to be directed, not towards what is needed to satisfy the needs of all, but towards that which, at a given moment, brings in the greatest temporary profit to a few. Of necessity, the abundance of some will be based on the poverty of others, and the straitened circumstances of the greater number will have to be maintained at all costs, that there may be hands to sell themselves for a part only of that which they are capable of producing; without which, private accumulation of capital is impossible!
These characteristics of our economical system are its very essence. Without them, it cannot exist; for, who would sell his labor power for less than it is capable of bringing in, if he were not forced thereto by the threat of hunger?
And those essential traits of the system are also its most crushing condemnation.
