Louis O. Kelso Quotes About Property
-
People are hungering for property — for a secure, permanent and independent link with spaceship earth that ownership represents and which only ownership can protect or defend. It is humiliating to possess nothing, to own nothing, and hence to produce nothing and to count for nothing.
→ -
Property in everyday life, is the right of control.
→ -
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, pay for, and employ in their lives the non-human factor of production, capital.
→ -
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 conduits would broadly irrigate the economy with purchasing power.
→ -
Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary system is a legal contrivance. Property, not money, is real wealth. It's physical, not legal.
→ -
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 more responsible for maldistribution of purchasing power than the science of bookkeeping is responsible for bankruptcy.
→ -
The idea that full employment without property ownership will solve the world's problems is utter nonsense. The Keynesian concept that the function of capital is merely to amplify labor, not independently produce wealth is simply blindness.
→ -
The uneasy ghost of Marx must suffer the torments of the damned at the truth glaring from the pages of history that one does not abolish property by transferring it to the state.
→
Related Authors
-
Jacques Maritain Philosopher -
Paul Romer Economist -
Mark Van Doren Poet -
Lionel Trilling Literary critic -
Charles Van Doren Intellectual -
Mike Wallace American football wide receiver -
John Dewey Philosopher -
Thomas Aquinas Priest -
Robert M. Hutchins Novelist -
John Locke Philosopher -
William Greider Journalist -
Will Durant Writer -
Allan Bloom Philosopher -
Josef Albers Artist -
Gar Alperovitz Professor -
Jacques Barzun Historian -
Russell B. Long Former United States Senator -
Graeme Simsion Author -
Aristotle Philosopher -
Mortimer Adler Philosopher