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Reply #107: It is Labor that Creates Capital. Labor comes first. The value is [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
SharonAnn Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-05 05:16 PM
Response to Reply #2
107. It is Labor that Creates Capital. Labor comes first. The value is
created by labor, always.

Think about it. An able-bodied person can work and trade their work for something of value to them.

But capital has no value unless somebody, somewhere does some work for it. It just sits there until somebody works. It's the work that creates the value.

Large projects, such as highways and bridges, can be done effectively with the use of capital and labor. But remember, it's labor that actually does the building.

As Abraham Lincoln said, "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."
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