A Quote by John Galt
All property and all forms of wealth are produced by man's mind and labor.
Related Quotes
Centralize property in the hands of a few and the millions are under bondage to property - a bondage as absolute and deplorable as if their limbs were covered with manacles. Abstract all property from the hands of labor and you thereby reduce labor to dependence; and that dependence becomes as complete a servitude as the master could fix upon his slave.
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.
Try to imagine a system of labor imposed by force that is not a violation of liberty; a transfer of wealth imposed by force that is not a violation of property rights. If you cannot do so, then you must agree that the law cannot organize labor and industry without organizing injustice.
It is Mind which determines the change of Society, and it was because the mind at work was a Catholic mind that the slave became a serf and was on his way to becoming a peasant and a fully free man-a man free economically as well as politically. The whole spirit of the Church was for small property, and that spirit was slowly, instinctively, working for the establishment of small property throughout Christendom.
A man who raises himself by degrees to wealth and power, contracts, in the course of this protracted labor, habits of prudence and restraint which he cannot afterwards shake off. A man cannot gradually enlarge his mind as he does his house.
Society is the offspring of leisure; and to acquire this forms the only rational motive for accumulating wealth, notwithstanding the cant that prevails on the subject of labor.
We have no paupers ... The great mass of our [United States] population is of laborers; our rich, who can live without labor, either manual or professional, being few, and of moderate wealth. Most of the laboring class possess property, cultivate their own lands, have families, and from the demand for their labor are enabled to exact from the rich and the competent such prices as enable them to be fed abundantly, clothed above mere decency, to labor moderately and raise their families. ... Can any condition of society be more desirable than this?
We're taking on Social Security as a property rights issue. We figure that every single American has an absolute property right interest in the fruits of his or her own labor. What I work for should be my property.
Private Property, the Law of Accumulation of Wealth, and the Law of Competition... these are the highest results of human experience, the soil in which society so far has produced the best fruit.
The accumulation of great wealth is, in many instances, the effect of paying too little for the labor that produced it, the consequence of which is that the working people perish in old age and the employer abounds in affluence.
Among a democratic people, where there is no hereditary wealth, every man works to earn a living, or is born of parents who have worked. The notion of labor is therefore presented to the mind, on every side, as the necessary, natural, and honest condition.
There exist in the world only two great parties; that of those who prefer to live from the produce of their labor or of their property, and that of those who prefer to live on the labor or the property of others.
The best computer is a man, and it’s the only one that can be mass-produced by unskilled labor.
There is no real wealth but the labor of man.
It is for the State to take care that the economic conditions are such that the normal man who is not defective in mind or body or will can be useful labor feed, house, and clothe himself and his family. The "right to work" and the "right to a living wage" are just as valid as the rights of person or property.
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.
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