Crackpots Quote by Milton Friedman
“A crackpot theory. Instead of saying labor's exploited, as Marx did, Kelso says capital's exploited. It's worse than Marx. It's Marx stood on its head.”
About This Quote
Source Book: Capitalism and Freedom, 1962
Kelso flips Marx’s critique, arguing capital is the victim, not labor.
In simple terms: Capital is exploited, not labor, per Kelso.
Key Takeaway
Consider both sides of exploitation.
Themes
economics
politics
theory
Mood
critical
analytical
Type
philosophical
debate
When to use this quote
- policy debates
- academic lectures
- media commentary
- business ethics
- social movements
Key Concepts
marxism
capitalism
exploitation
ideology
Questions to Reflect On
- Is capital truly exploited?
- How does this view affect labor rights?
A Different Perspective
The claim may oversimplify complex labor‑capital dynamics.
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