Able Quote by Louis O. Kelso
“Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.”
About This Quote
Source Book: The New Capitalism, Louis O. Kelso, 1972
When labor is undervalued, people cannot accumulate capital, leading to economic dependency.
In simple terms: Low labor demand limits wealth building.
Advocate for fair labor value.
Themes
Mood
Type
When to use this quote
- union negotiations
- policy reform
- financial education
Key Concepts
Questions to Reflect On
- How can workers increase their economic power?
- What policies promote equitable capital ownership?
Capitalist structures may resist change.