Louis O. Kelso Quotes - Page 3

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• The idea that full employment without property ownership will solve the world's problems is utter nonsense. The Keynesian concept that the function of capital is merely to amplify labor, not independently produce wealth is simply blindness.

  Louis O. Kelso

  Wisdom, Ideas, Amplify

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• Property in everyday life, is the right of control.

  Louis O. Kelso

  Everyday, Politics, Life Is

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• What have the masses been clamoring for? Jobs and welfare, and they got 'em. They've also got unions and managements like two armies converting the whole economy into a battleground with the customers as victims, except that the victims are also in the army. They think in battle terms by day and like customers at night.

  Louis O. Kelso

  Wisdom, Jobs, Army

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• The owners of labor, on the other hand, are being taught, by the most powerful and well-publicized examples, that the highest rewards are not for production, but for the employment of organized power to take over a share of what others produce.

  Louis O. Kelso

  Wisdom, Powerful, Hands

  Louis O. Kelso, Mortimer Jerome Adler (1975). “The New Capitalists: A Proposal to Free Economic Growth from the Slavery of Savings”, Greenwood Publishing Group

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• When capital owners are few, the private-property conduits of necessity create vast savings reservoirs for those few. If there were many owners, the same conduits would broadly irrigate the economy with purchasing power.

  Louis O. Kelso

  Wisdom, Saving, Politics

  Louis O. Kelso, Patricia Hetter Kelso (1967). “Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals”, New York : Vintage Books

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