The poor lack money. They lack money because they do not know the secret of productive wealth. They know it is possible to be old, unemployed, uneducated, lazy - even halt, deaf, dumb, and blind-and still be excessively rich. But you have to be in on the secret, and the poor by definition are not.
Louis O. KelsoThe rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input.
Louis O. KelsoThe first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce.
Louis O. KelsoEveryone should own a piece of the wealth-producing capital of this country, but not everyone can be a manager. Or should be.
Louis O. KelsoThe Roman arena was technically a level playing field. But on one side were the lions with all the weapons, and on the other the Christians with all the blood. That's not a level playing field. That's a slaughter. And so is putting people into the economy without equipping them with capital, while equipping a tiny handful of people with hundreds and thousands of times more than they can use.
Louis O. Kelso