If we functionally define a capitalist household as one that receives at least half of the annual income it spends on consumption in the form of return on invested capital, less than 1 percent of United States households are capitalists. — 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 as the various forms of nonwage property income to the owners of capital. In itself, it is no… — 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
