Capital is a result of labor, and is used by labor to assist it in further production. Labor is the active and initial force, and labor is therefore the employer of capital.
Success in life is the result of good judgment. Good judgment is usually the result of experience. Experience is usually the result of bad judgment.
Well, we see an increasingly weaker labor movement as a result of the overall assault on the labor movement and as a result of the globalization of capital.
One finds fortunes built on slave labor, indentured labor, prison labor, immigrant labor, female labor, child labor, and scab labor - backed by the lethal force of gun thugs and militia. 'Old money' is often little more than dirty money laundered by several generations of possession.
Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.
Invention is the talent of youth, as judgment is of age.
Through much of its history, the US did not have high inequality as compared with Europe. Less so, in fact. That began to change in the industrial age, reaching a peak in 1928, after the forceful destruction of the labor movement and crushing of independent thought. Largely as a result of labor mobilization, inequality declined during the Great Depression, a tendency continuing through the great growth period of regulated capitalism in the early postwar decades.
Probably, indeed, the larger part of the labor of an author composing his work is critical labor; the labor of sifting, combining, constructing, expunging, correcting, testing. This frightful toil is as much critical as creative.
What about precarious labor? It's actually not the most efficient form of labor at all. They were much more efficient when they had loyalty to their workers and people were allowed to be creative and contribute - you know that what precarious labor does is that it's the best weapon ever made to depoliticize labor. They're always putting the political in front of the economic.
The Revolution's most important result was Napoleon, whose most important result (as France learned in 1871, and again in 1914, and again in 1940) was the invention of Germany
Interest is the spur of the people, but glory that of great souls. Invention is the talent of youth, and judgment of age.
Labor, being itself a commodity, is measured as such by the labor time needed to produce the labor-commodity. And what is needed to produce this labor-commodity? Just enough labor time to produce the objects indispensable to the constant maintenance of labor, that is, to keep the worker alive and in a condition to propagate his race. The natural price of labor is no other than the wage minimum.
A mistake in judgment isn't fatal, but too much anxiety about judgment is.
I never won anything without hard labor and the exercise of my best judgment.
Architecture is a science arising out of many other sciences, and adorned with much and varied learning; by the help of which a judgment is formed of those works which are the result of other arts.
The greatest invention of the nineteenth century was the invention of the method of invention.