A Quote by Owen D. Young
Capital which overreaches for profits; labor which overreaches for wages, or a public which overreaches for bargains will all destroy such other. There is no salvation for us on that road.
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Knowledge is not wisdom: cleverness is not, not without awareness of our death, not without recalling just how brief our flare is. He who overreaches will, in his overreaching, lose what he possesses, betray what he has now. That which is beyond us, which is greater than the human, the unattainably great, is for the mad, or for those who listen to the mad, and then believe them.
A cunning man overreaches no one half as much as himself.
During the period of capital moving from one employment to another, the profits on that to which capital is flowing will be relatively high, but will continue so no longer than till the requisite capital is obtained.
It is not competition, but monopoly, that deprives labor of its product. Destroy the banking monopoly, establish freedom in finance, and down will go interest on money through the beneficent influence of competition. Capital will be set free, business will flourish, new enterprises will start, labor will be in demand, and gradually the wages of labor will rise to a level with its product.
If the study of all these sciences which we have enumerated, should ever bring us to their mutual association and relationship, and teach us the nature of the ties which bind them together, I believe that the diligent treatment of them will forward the objects which we have in view, and that the labor, which otherwise would be fruitless, will be well bestowed.
Collective bargaining has always been the bedrock of the American labor movement. I hope that you will continue to anchor your movement to this foundation. Free collective bargaining is good for the entire Nation. In my view, it is the only alternative to State regulation of wages and prices - a path which leads far down the grim road of totalitarianism. Those who would destroy or further limit the rights of organized labor - those who would cripple collective bargaining or prevent organization of the unorganized - do a disservice to the cause of democracy.
Where wages command labor, as in the non-slaveholding States, there necessarily takes place between labor and capital a conflict, which leads, in process of time, to disorder, anarchy, and revolution if not counteracted by some appropriate and strong constitutional provision. Such is not the case in the slaveholding States.
That, which others compress - will widen up and open. That, which others weaken - will strengthen. That, which others destroy - will blossom. Whoever wished to take something from the other, will inevitably loose his own.
Business is no longer a matter of profits alone. Profits must come through public confidence, and public confidence is given to any merchant in proportion to the service which he gives to the public.
In a condition of society and under an industrial organization which places labor completely at the mercy of capital, the accumulations of capital will necessarily be rapid, and an unequal distribution of wealth is at once to be observed.
I am for relying for internal defense on our militia solely till actual invasion, and for such a naval force only as may protect our coasts and harbors from such depredations as we have experienced; and not for a standing army in time of peace which may overawe the public sentiment; nor for a navy which, by its own expenses and the eternal wars in which it will implicate us, will grind us with public burthens and sink us under them.
If you bring forth that which is within you, Then that which is within you Will be your salvation. If you do not bring forth that which is within you, Then that which is within you Will destroy you. —THE GNOSTIC GOSPELS
On the basis of his work each person is fully entitled to consider himself a part owner of the great workbench at which he is working with everyone else. A way toward that goal could be found by associating labor with the ownership of capital joint ownership of the means of work, sharing by the workers in the management and/or profits of businesses, so-called shareholding by labor, etc.
Capitalists have the tendency to move toward those countries in which there is plenty of labor available and at which labor is reasonable. And by the fact that they bring capital into these countries, they bring about a trend toward higher wage rates.
Pakistan not only means freedom and independence but the Muslim Ideology which has to be preserved, which has come to us as a precious gift and treasure and which, we hope other will share with us.
Destroy or take away the employment and wages of those artisans - which the corn laws in a great measure do - and you will, ere long, render the land in Great Britain of as little value as it is in other countries.
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