"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."
Henry George
(1839-1897) American political economist
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Reader comments about this quote:
The quote starts off a little shaky, then goes to hmmm? Capital is defined by commercial and personal terms, both relating to and commencing from an individual. Capital, as it relates to an individual is either money (a tangible of intrinsic value - gold or silver coin for example) or property. Both the money and property come from an exchange of labor. Capital is the excess money or property (having life’s cost taken care of) used for investment. Capital in a commercial setting is the individual’s investment (usually recognized through stock). The overall concept is sound, just worded a bit weirdly.
 -- Mike, Norwalk     
    Georgism, and the use of Amal labor, economic rent, taxing land values. Society could recapture the value of its common inheritance ? Creating citizen dividend ? Henry George siding with nationalist and Marxist brought about the institutionalizing of socialism. Wishing to cure the poverty of those reduced to wage slavery, which is the state of the individual today. Quality of life was an issue prior to the civil war. Life was better in the agrarian culture of the south. Than the sweat shops of the north. Wage labor and slavery, the rift between aristocracy and the commoner. The fall of the Roman republic. Cicero. There are many similarities now, we see in the fall of our Republic. The quote is superficial. Capital needs labor to further production. Progressives embracing georgism to this day. The ills of industrialism and greed. Democrats love Henry George as many so call Republicans embrace his progressive policies of socialism. Amal labor would the type thereof. Oni, Amal, Lachats . Deut 26:7 and Job 4:8 Toil and oppression.
     -- Ronw13, Yachats Or     
     -- Roland, Bonner's Ferry      
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