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.
–Abraham Lincoln (1861 State of the Union address)
2 thoughts on “”
Why have I not seen that quote before? Guy sounds like an Owenite socialist!
I know! Six years before Das Kapital, even.
My uncle found it here: http://www.infoplease.com/t/hist/state-of-the-union/73.html