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They hold that labor is prior to, and independent of, capital; that, in fact, capital is the fruit of labor, and could never have existed if labor had not first existed; that labor can exist without capital, but that capital could never have existed without labor. Hence they hold that labor is the superior – greatly the superior – of capital. They do not deny that there is, and probably always will be, a relation between labor and capital.   Lincoln, Abraham

A note sent in to QB by Joe - the source of this quote is here: http://dig.lib.niu.edu/teachers/econ1-lincoln.html · This quote is about capitalism · Search on Google Books to find all references and sources for this quotation.

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