“Men having capital, the product of labor to invest, form themselves into companies or associations and consolidate their capital that they may reap a greater profit from their investments … The men who labor, taking this action of the men of capital as a criterion to go by, have formed themselves into companies or associations that they reap a greater profit from the investment of their capital, which is labor. That capital of the former is the creation of man; that latter as the creation of God, and of the two is entitled to the most consideration, since no capital could exist unless labor created it.”

— Terence V. Powderly

"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.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Men having capital, the product of labor to invest, form themselves into companies or associations and consolidate thei…" by Terence V. Powderly?

Terence V. Powderly 11

American mayor 1849–1924

Related quotes

“Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit.”

Mitt Romney (1947) American businessman and politician

CD-ROM marking 25th anniversary of Bain & Company, quoted in * 2012-09-27
Corn
David
w:David Corn
New Romney Video: In 1985, He Said Bain Would "Harvest" Companies for Profits
Mother Jones
http://www.motherjones.com/politics/2012/09/1985-romney-bain-harvest-firms-profits-video
2012-10-03
1985

“I conclude by listing several main points of this essay:
1. Human capital is of great importance in the modern economy.
2. Human capital has become of much greater significance during the past two decades.
3. Human capital is crucial to the international division of labor.
4. Much unmeasured learning goes on in companies and by adults.
5. People need to invest in themselves during their whole lives.
6. Distance learning will become of crucial importance to the teaching and learning process.
7. Human capital stimulates technological innovations and the high-tech sector.”

Gary S. Becker (1930–2014) American economist

"The Age of Human Capital", in Edward P. Lazear, Education in the Twenty-First Century (2002)

“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.”

Abraham Lincoln (1809–1865) 16th President of the United States

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.