They further assume that whoever is once a hired laborer, is fatally fixed in that condition for life; and thence again, that his condition is as bad as, or worse, than that of a slave. This is the ‘mud-sill’ theory. But another class of reasoners hold the opinion that there is no such relation between capital and labor, as assumed; and that there is no such thing as a freeman being fatally fixed for life, on the condition of a hired laborer, that both these assumptions are false, and all inferences from them groundless. They hold that labor is prior to, and independent of, capital; that, in fact, capital is the fruit of labor, and could never have existed if labor had not first existed–that labor can exist without capital, but that capital could never have existed without labor. Hence they hold that labor is the superior–greatly the superior of capital. salon/2013/11/17/they_spawned_the_1_percent_how_washington_and_lincoln_explain_inequality_today/
Posted on: Sun, 17 Nov 2013 21:51:37 +0000
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