“A Southern farm is a sort of joint stock concern, or social phalastery, in which the master furnishes the capital and skill, and the slaves the labor, and divide the profits, not according to each one’s in-put, but according to each one’s wants and necessities.”

— George Fitzhugh

Source: Sociology For The South: Or The Failure Of A Free Society (1854), p. 48

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George Fitzhugh 52

American activist 1806–1881

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“A Southern farm is beau idea of Communism; it is a joint concern, in which the slaves consume more than the master, of the coarse products, and is far happier, because although the concern may fail; he is always sure of a support.”

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Source: Sociology For The South: Or The Failure Of A Free Society (1854), p. 245

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“The aggregate capital appears as the capital stock of all individual capitalists combined. This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

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“The people are weary of being oppressed, persecuted, exploited to the maximum. They are weary of the wretched selling of their labor-power day after day — faced with the fear of joining the enormous mass of unemployed — so that the greatest profit can be wrung from each human body, profit later squandered in the orgies of the masters of capital.”

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“The practice of creating chartered joint-stock companies of a modern type seems to have begun at the commencement of the seventeenth century; and the formation of the East India Company is one of the earliest, if not the very earliest, examples. At first, it appears, the 'joint stock' of the company was separately made up for each ship; perhaps for each voyage. But, in the year 1612 the Company made the momentous resolve to have one joint stock for the whole of its affairs, and thus inaugurated a new epoch. The East India Company, or Companies, (for there were two of them), were followed by the Hudson's Bay Company (1670), the existence of which was recognized by statute in 1707, and by the Bank of England and the notorious South Sea Company.”

Edward Jenks (1861–1939) British legal scholar

Source: A Short History Of The English Law (First Edition) (1912), Chapter XVI, New Forms Of Personal Property, p. 287

“Let the future tell the truth and evaluate each one according to his work and accomplishments. The present is theirs; the future, for which I really worked, is mine.”

Nikola Tesla (1856–1943) Serbian American inventor

On patent controversies regarding the invention of Radio and other things, as quoted in "A Visit to Nikola Tesla" by Dragislav L. Petković in Politika (April 1927); as quoted in Tesla, Master of Lightning (1999) by Margaret Cheney, Robert Uth, and Jim Glenn, p. 73 ISBN 0760710058 </small> ; also in Tesla: Man Out of Time (2001) by Margaret Cheney, p. 230 <small> ISBN 0743215362

“It appears to me, that any explanation of the cheapness of manufactured articles, as consequent upon the division of labour, would be incomplete if the following principle were omitted to be stated.
That the master manufacturer, by dividing the work to be executed into different processes, each requiring different degrees of skill or of force, can purchase exactly that precise quantity of both which is necessary for each process; whereas, if the whole work were executed by one workman, that person must possess sufficient skill to perform the most difficult, and sufficient strength to execute the most laborious, of the operations into which the art is divided.”

Charles Babbage On the Economy of Machinery and Manufactures

Source: On the Economy of Machinery and Manufactures, 1832/1841, p. 175-6

“A Southern farm is a sort of joint stock concern, or social phalastery, in which the master furnishes the capital and skill, and the slaves the labor, and divide the profits, not according to each one’s in-put, but according to each one’s wants and necessities.”

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George Fitzhugh 52

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