...as its 'one' Compare this to Abraham Lincoln, in his first annual message to Congress (1861): 'Labor is prior to, and independent of, capital. Capital...capital, and deserves much the higher consideration.' One notes that this judgement was made at a time when industrializing capital was about successfully...

...Citizen-Based Claims for Shared Ownership of Common Wealth. Share the Wealth: Labor Owning Capital Labor is prior to and independent of capital. Capital is...capital, and deserves much the higher consideration. (Abraham Lincoln, "Annual Message of the US President," 37th Congress, Second Session, December 3,...

...property rights was the raison d'etre for government (id. at 37). Abraham Lincoln concurred that labor is prior to, and independent of, capital. Capital is only the fruit of labor and thus could not be without it. "Labor is the superior of capital, and deserves the higher consideration....

...opposite point of view: 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...

...independent of capital. Capital is only the fruit of labor and could never have existed if labor had not existed. Labor is the superior of capital and deserves...are as worthy of protection as any other rights." He further wrote in the message, "There is not, of necessity, any such thing as the free hired laborer...

...in his first annual message to Congress, and his words resonate with us today. Said the President: "Capital is only the fruit of labor and could never have existed if labor had not first existed."51 Indeed, he saw economic democracy as an integral part of political democracy. Lincoln also...

...both labor and capital. Each has a fair claim upon the laws. Quoting Lincoln, Roosevelt observed that "labor is the superior of capital, and deserves much the higher consideration." However, "capital has its rights, which are as worthy of protection as any other rights." In a characteristic...

...to improve not only his own condition, but to assist in ameliorating mankind. And again: — Labor is prior to, and independent of, capital. Capital...capital, and deserves much the higher consideration. If that remark was original with me, I should be even more strongly denounced as a communist agitator...

...duty to improve not only his own condition, but to assist in ameliorating mankind. And again: Labor is prior to, and independent of, capital. Capital...capital, and deserves much the higher consideration. If that remark was original with me, I should be even more strongly denounced as a communist agitator...

...capital indeed had certain rights, the speaker was clear about his and the nation's priorities. Labor is prior to, and independent of, capital. Capital...capital, and deserves much the higher consideration. The speaker was President of the United States Abraham Lincoln, on the occasion of his first Annual...