The path the capitalist revolution will take faces in exactly the opposite direction from that taken by the communist revolution. It seeks… — Louis O. Kelso Copy Share Image
Private property works like circuitry in electronics, or piping in hydraulics. It conveys wages to the owners of labor power, as well… — Louis O. Kelso Copy Share Image
The sooner the world solves its economic problems, the sooner its inhabitants can afford leisure and peace and get on with the… — Louis O. Kelso Copy Share Image
Equality of economic opportunity, in the context of private property, means equality of opportunity for the millions of capital-less households of today… — Louis O. Kelso Copy Share Image
The owners of labor, on the other hand, are being taught, by the most powerful and well-publicized examples, that the highest rewards… — Louis O. Kelso Copy Share Image
The idea that full employment without property ownership will solve the world's problems is utter nonsense. The Keynesian concept that the function… — Louis O. Kelso Copy Share Image
Thus, the capital owner is not a parasite or a rentier but a worker - a capital worker. A distinction between labor… — Louis O. Kelso Copy Share Image
When capital owners are few, the private-property conduits of necessity create vast savings reservoirs for those few. If there were many owners,… — Louis O. Kelso Copy Share Image
I'm a secret nonmember of the establishment. This isn't a grubby kind of revolution I'm talking about. This isn't Che Guevara stuff.… — Louis O. Kelso Copy Share Image
The one important distinction between the two factors of production is that in a free society, ownership of the human factor, labor,… — Louis O. Kelso Copy Share Image
The poor lack money. They lack money because they do not know the secret of productive wealth. They know it is possible… — Louis O. Kelso Copy Share Image
While no inference is intended here, it is worth noting, in connection with Milton Friedman's comment that "Kelso just turned Marx upside… — Louis O. Kelso Copy Share Image
It is the institutions of society, not parental genes, that bestow the blessings of ownership of productive capital. — Louis O. Kelso Copy Share Image
The primary cause of disorder and lawlessness today, as throughout history, is the poverty of the many in contrast to the affluence of the… — Louis O. Kelso Copy Share Image
Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical factor of… — Louis O. Kelso Copy Share Image
Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary… — Louis O. Kelso Copy Share Image
They sense that there's a majority out there and that the emotions are all on the other side-if they can be heard. They think… — Louis O. Kelso Copy Share Image
Thus, the capital owner is not a parasite or a rentier but a worker - a capital worker. A distinction between labor work and… — Louis O. Kelso Copy Share Image
When capital owners are few, the private-property conduits of necessity create vast savings reservoirs for those few. If there were many owners, the same… — Louis O. Kelso Copy Share Image
Equality of economic opportunity, in the context of private property, means equality of opportunity for the millions of capital-less households of today to buy,… — Louis O. Kelso Copy Share Image
If capital produces most of the economy's wealth and income is distributed on the basis of productive input, the individual can hardly reach his… — Louis O. Kelso Copy Share Image
All this plan does is make everybody a capitalist. I know that the New York Stock Exchange says there are 25 million shareholders in… — Louis O. Kelso Copy Share Image
The schemes to set up blacks in cleaning stores, gas stations, hamburger stands and fried-chicken franchises, all the low-profit, low-capital enterprises, will rivet the… — Louis O. Kelso Copy Share Image
