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Louis O. Kelso Quotes: Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create jobs?
         

Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create jobs?


Louis O. Kelso
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Other quotes of Louis O. Kelso


Everyone should own a piece of the wealth-producing capital of this country, but not everyone can be a manager. Or should be.

Everyone should own a piece of the wealth-producing capital of this country, but not everyone can be a manager. Or should be.



Labor is the source of subsistence, capital is the source of affluence. My idea is to make everyone a capitalist, and therefore, financially secure.

Labor is the source of subsistence, capital is the source of affluence. My idea is to make everyone a capitalist, and therefore, financially secure.



The uneasy ghost of Marx must suffer the torments of the damned at the truth glaring from the pages of history that one does not abolish property by transferring it to the state.

The uneasy ghost of Marx must suffer the torments of the damned at the truth glaring from the pages of history that one does not abolish property by transferring it to the state.



Hard-core structural poverty has a counterpart at the apex: hard-core structural affluence.

Hard-core structural poverty has a counterpart at the apex: hard-core structural affluence.



The point is to make the pie grow faster and distribute the new growth more equitably.

The point is to make the pie grow faster and distribute the new growth more equitably.



There is no future for those who cannot or will not think.

There is no future for those who cannot or will not think.



Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.

Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.



We have an economic policy that is just about 10,000 years out of date.

We have an economic policy that is just about 10,000 years out of date.



The way the system now works, credit is extended to those who don't need it and denied to those who are in desperate need of it.

The way the system now works, credit is extended to those who don't need it and denied to those who are in desperate need of it.



The sole missing link is the recognition that the acquisition of capital ownership by the millions is an indispensable goal. That is the turning point - our recognition of the proper goal.

The sole missing link is the recognition that the acquisition of capital ownership by the millions is an indispensable goal. That is the turning point - our recognition of the proper goal.





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If someone gives you tough situation, it's better to make a distance.

If someone gives you tough situation, it's better to make a distance.



Everyone has a plan until they get punched in the face.

Everyone has a plan until they get punched in the face.



I think when you're writing from your own life, it's hard because you realize that people have their own assessment of how they look, and they don't know how you will describe them.

I think when you're writing from your own life, it's hard because you realize that people have their own assessment of how they look, and they don't know how you will describe them.



I really love painting women. Their bodies, their clothes - it all interests me, whereas men really don't that much, in a way.

I really love painting women. Their bodies, their clothes - it all interests me, whereas men really don't that much, in a way.



Most people that work in [show] business, if they're not gypsies by nature, become gypsies, just because of the reality of this business.

Most people that work in [show] business, if they're not gypsies by nature, become gypsies, just because of the reality of this business.



Recently, I've discovered Radiohead and find them to be quite good. So clearly, I'm some kind of musical retard. (Jonathan Ames, Middle-American Gothic)

Recently, I've discovered Radiohead and find them to be quite good. So clearly, I'm some kind of musical retard. (Jonathan Ames, Middle-American Gothic)



Be more careful of your conscience than of your estate. The latter can be bought and sold; the former never.

Be more careful of your conscience than of your estate. The latter can be bought and sold; the former never.



A girl's not a watermelon you plug a hole in to see if it's sweet.

A girl's not a watermelon you plug a hole in to see if it's sweet.



The best work is done with the heart breaking, or overflowing.

The best work is done with the heart breaking, or overflowing.



Nothing mortal is enduring, and there is nothing sweet which does not presently end in bitterness.

Nothing mortal is enduring, and there is nothing sweet which does not presently end in bitterness.




Quote Description


This page presents the quote "Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create jobs?". Author of this quote is Louis O. Kelso. This quote is about formation, jobs, labor, technology, purpose, function, wisdom,.