Seems to me it’s a simple concept — the concentration of wealth is a Bad Idea. Since capital tends to concentrate, it is one of the functions of government to oppose this tendency. That’s why we used to have antimonopoly laws and the like.
When you see government encouraging the concentration of wealth, check your wallet.Molly Ivins (1944-2007) American writer, political columnist [Mary Tyler Ivins]
Essay (1991-02), “Season of Drear,” The Progressive
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Quotations about:
capital
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As for really new ideas of any kind — no matter how ultimately profitable or otherwise successful some of them might prove to be — there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.
Jane Jacobs (1916-2006) American-Canadian journalist, author, urban theorist, activist
The Death and Life of Great American Cities, Part 2, ch. 10 “The Need for Aged Buildings” (1961)
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More businesses die of indigestion than starvation.
David Packard (1912-1996) American electrical engineer, businessman, government official
(Misattributed)
The quote is frequently attributed to Packard, but actually he (anonymously) quoted in his book, The HP Way: How Bill Hewlett and I Built Our Company (1995): "Wells Fargo sent a retired engineer to visit us. I spent a full afternoon with him and I have remembered ever since some advice he gave me. He said that more businesses die of indigestion than starvation. I have observed the truth of that advice many times since then."
Variants of the saying include "entrepreneurs," "companies," and "start-ups" in place of "businesses." See here for more information.
Books constitute capital. A library book lasts as long as a house, for hundreds of years. It is not, then, an article of mere consumption but fairly of capital. and often in the case of professional men, setting out in life, it is their only capital.
Thomas Jefferson (1743-1826) American political philosopher, polymath, statesman, US President (1801-09)
Letter (1821-09-16) to James Madison
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Capital is reckless of the health or length of life of the laborer, unless under compulsion from society.
Karl Marx (1818-1883) German philosopher, economist, sociologist, historian, journalist
Capital: A Critical Analysis of Capitalist Production (1873)
Strong, responsible unions are essential to industrial fair play. Without them the labor bargain is wholly one-sided. The parties to the labor contract must be nearly equal in strength if justice is to be worked out, and this means that the workers must be organized and that their organizations must be recognized by employers as a condition precedent to industrial peace.
Louis Brandeis (1856-1941) American lawyer, activist, Supreme Court Justice (1916-39)
In The Curse of Bigness: Miscellaneous Papers of Louis D. Brandeis [ed. Fraenkel and Lewis] (1965)
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I believe in shaping the ends of government to protect property as well as human welfare. Normally, and in the long run, the ends are the same; but whenever the alternative must be faced, I am for men and not for property, as you were in the Civil War. I am far from underestimating the importance of dividends; but I rank dividends below human character.
Theodore Roosevelt (1858–1919) American politician, statesman, conservationist, writer, US President (1901–1909)
Speech (1910-08-31), “The New Nationalism,” John Brown Memorial Park dedication, Osawatomie, Kansas
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Also, friends, in the interest of the working man himself we need to set our faces like flint against mob-violence just as against corporate greed; against violence and injustice and lawlessness by wage-workers just as much as against lawless cunning and greed and selfish arrogance of employers. If I could ask but one thing of my fellow countrymen, my request would be that, whenever they go in for reform, they remember the two sides, and that they always exact justice from one side as much as from the other. I have small use for the public servant who can always see and denounce the corruption of the capitalist, but who cannot persuade himself, especially before elections, to say a word about lawless mob-violence. And I have equally small use for the man, be he a judge on the bench, or editor of a great paper, or wealthy and influential private citizen, who can see clearly enough and denounce the lawlessness of mob-violence, but whose eyes are closed so that he is blind when the question is one of corruption in business on a gigantic scale.
Theodore Roosevelt (1858–1919) American politician, statesman, conservationist, writer, US President (1901–1909)
Speech (1910-08-31), “The New Nationalism,” John Brown Memorial Park dedication, Osawatomie, Kansas
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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. 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.
Abraham Lincoln (1809-1865) American lawyer, politician, US President (1861-65)
Message (1861-12-03) to Congress, Annual Message (State of the Union)
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One generation plants the trees, and another gets the shade.
Proverbs, Sayings, and Adages
Chinese proverb
Dig the well before you are thirsty.
Proverbs, Sayings, and Adages
Chinese proverb