Thus, the capital owner is not a parasite or a rentier but a worker - a capital worker. A distinction between labor work and capital work suggests the lines along which we could develop economic institutions capable of dealing with increasingly capital-intensive production, as our present institutions cannot.
Louis O. KelsoThe path the capitalist revolution will take faces in exactly the opposite direction from that taken by the communist revolution. It seeks to diffuse the private ownership of capital instead of abolishing it entirely. It seeks to make all men capitalists instead of preventing anyone from being a capitalist by making the State the only capitalist.
Louis O. KelsoOur present predicament comes from the fact that running the economy on blood is no longer fashionable. We can't end this depression with another war.
Louis O. KelsoThe first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce.
Louis O. Kelso