Wednesday, 8 September 2021

"Capitalism is a system of class harmony..."

"Capitalism is a system of class harmony, in which the accumulated wealth of the capitalists, i.e., their capital, is the source of the supply of products and the demand for labour, and progressively enriches wage earners.
    "The result is that today the average wage earner in a capitalist country has a higher standard of living than did the kings and emperors of the past, such as Augustus Caesar, Louis XIV, and Queen Victoria."
          ~ George Reisman. For proof, see his Capitalism: A Treatise on Economics

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