Quote by Leland Stanford

From my earliest acquaintance with the science of political economy, it has been evident to my mind that capital was the product of labor, and that therefore, in its best analysis there could be no natural conflict between capital and labor.

From my earliest acquaintance with the science of political

Summary

This quote suggests that the speaker, based on their knowledge of political economy, believes that capital (wealth, assets) is generated through labor. Consequently, they argue that there should be no inherent conflict between capital (owners, investors) and labor (workers). In other words, the speaker implies that both parties are interdependent, as labor contributes to the creation of capital, contradicting the notion of an inherent opposition or struggle between the two.

Topics

Science

By Leland Stanford

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