Source: 1860s, First State of the Union address (1861)
Context: 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. Capital has its rights, which are as worthy of protection as any other rights. Nor is it denied that there is, and probably always will be, a relation between labor and capital producing mutual benefits. The error is in assuming that the whole labor of community exists within that relation.
“Capitalism cannot be reduced to one or a few features, but it does possess one relationship, central to its existence and operation, that constitutes the essence of inequality and ineradicable instability: the wage-labor-capital connection that dwells at the heart of the system.”
Source: Living In The Number One Country (2000), Chapter Five, Corporatizing Communication And Culture, p. 132
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Herbert Schiller 19
American media critic 1919–2000Related quotes
Source: Europe and the People Without History, 1982, Chapter 12 The New Laborers, p. 354.
“Money could not be converted into capital if wage labour did not exist.”
Source: The Limits To Capital (2006 VERSO Edition), Chapter 9, Money, Credit And Finance, p. 253
Has Capitalism Failed? http://www.house.gov/paul/congrec/congrec2002/cr070902.htm (July 9, 2002).
2000s, 2001-2005
Source: (1962), Ch. 13 Conclusion, 2002 edition, p. 198
2010s, Markets, Governments, and the Common Good
"The Organization of Labor," http://ebooks.library.cornell.edu/cgi/t/text/pageviewer-idx?c=nora;cc=nora;g=moagrp;xc=1;q1=The%20Organization%20of%20Labor;rgn=full%20text;cite1=Powderly;cite1restrict=author;view=image;seq=0122;idno=nora0135-2;node=nora0135-2%3A2 North American Review, vol. 135, no. 2, whole no. 309 (Aug. 1882), pp. 118–9.