“They lived in abysmal misery, yet they had no prospect of a better tomorrow. They existed under capitalism, yet there was no accumulation of capital.”

— Paul A. Baran

Source: The Political Economy Of Growth (1957), Chapter Five, On The Roots Of Backwardness, p. 144

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Paul A. Baran 24

American Marxist economist 1909–1964

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“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.”

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