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.
About this quote
- What does it mean?
- Labor creates value before capital exists, so it deserves greater respect.
- In plain terms
- Workers are more important than money.
- What can you take from it?
- Value comes from work, not just investment.
Where it applies
Putting it to work
Questions to consider
- Who creates value?
- How do we reward it?
Another view
Capital can also drive innovation and risk-taking.
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