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Discuss Political Economics

Discussion in 'General Political Discussion' started by Gracchus, Mar 22, 2021.

  1. Gracchus

    Gracchus Senior Veteran

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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."

    What do you think of this idea?
     
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  2. public hermit

    public hermit social troglodyte Supporter

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    Lincoln is correct. People who labor, and the labor they produce, is of greater value than the capital generated. One depends on the other. Likewise labor can occur without generating capital, but all capital rests on the back of someone's labor. If you want to protect capital, start by looking out for people.
     
  3. Ringo84

    Ringo84 Separation of Church and State expert

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    I agree with it, of course. None of the businesses that are supposedly so beneficial to us would be anywhere without the workers that power them. The workers do the real work.
    Ringo
     
  4. Ken-1122

    Ken-1122 Newbie

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    Labor IS capital.
     
  5. Percivale

    Percivale Sam Supporter

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    What do you think of Henry George's idea that the real conflict is not between labor and capital but between both of those and the owners of land and other natural resources?
     
  6. Ken-1122

    Ken-1122 Newbie

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    Capital is investment, investors take risk; labor does not. If investments don’t receive an adequate return for their risk, nobody will invest. When nobody invests, labor sits idol and nothing gets done.

    Capital is superior to labor, because it is easier to get labor than to raise capital.
     
  7. Percivale

    Percivale Sam Supporter

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    Talking about whether labor or capital is superior is like talking about whether a car needs an engine or wheels more. Neither will get far without the other.

    Capital takes more risk in using it, but the life of a laborer involves more risk and sacrifice than that of an investor.
     
  8. OldWiseGuy

    OldWiseGuy Wake me when it's soup. Supporter

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    Capital in the form of money is labor in reserve. Not all capital is in the form of money, as any barterer will tell you. Also the capital of the laborer is...his/her labor. This is such an important subject, especially for those who lack capital.
     
    Last edited: Apr 7, 2021
  9. 9Rock9

    9Rock9 Sinner in need of grace.

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    I agree with that. We've tried capitalism, and we've tried socialism. Let's give Georgism a shot.
     
  10. OldWiseGuy

    OldWiseGuy Wake me when it's soup. Supporter

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    Last edited: Apr 23, 2021
  11. morningstar2651

    morningstar2651 Senior Veteran

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