In a condition of society and under an industrial organization which places labor completely at the mercy of capital, the accumulations of capital will necessarily be rapid, and an unequal distribution of wealth is at once to be observed.
Leland StanfordThere would be no idling in a co-operative workshop. Each workman, being an employer, has a spur to his own industry, and has a pecuniary reason for being watchful of the industry of his fellow workmen.
Leland StanfordMany writers upon the science of political economy have declared that it is the duty of a nation first to encourage the creation of wealth; and second, to direct and control its distribution. All such theories are delusive.
Leland StanfordFrom my earliest acquaintance with the science of political economy, it has been evident to my mind that capital was the product of labor, and that therefore, in its best analysis there could be no natural conflict between capital and labor.
Leland Stanford