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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.

This quote is about capitalism

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Source Notes: A note sent in to QB by Joe - the source of this quote is here: http://dig.lib.niu.edu/teachers/econ1-lincoln.html

A bit about Abraham Lincoln ...

Abraham Lincoln (February 12, 1809 April 15, 1865), sometimes called Abe Lincoln and nicknamed Honest Abe, the Rail Splitter, and the Great Emancipator, was the 16th President of the United States (1861 to 1865), and the first president from the Republican Party.

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