234 – Relation Between Labor and Capital Quote

“That there is a certain relation between capital and labor, I admit. That it does exist, and rightfully exists, I think it true. That men who are industrious, and sober, and honest in the pursuit of their own interests should after a while accumulate capital, and after that should be allowed to enjoy it in peace, and also, if they so choose, when they have accumulated it, to use it to save themselves from actual labor, and hire other people to labor for them, is right. In doing so they do not wrong the man they employ, for they find men who have not their own land to work upon, or shops to work in, and who are benefited by working for others, hired laborers, receiving their capital for it. Thus a few men, that own capital, hire a few others, and these establish he relation of capital and labor rightfully.”

-Abraham Lincoln, 16th President of the United States of America