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Louis O. Kelso Quotes: The scarcity that afflicts the world is not the fault of either science or nature. The cause is defective economic institutions which abort technology's affluence producing potential.
         

The scarcity that afflicts the world is not the fault of either science or nature. The cause is defective economic institutions which abort technology's affluence producing potential.


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.



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?



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.





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Success in warfare is gained by carefully accommodating ourselves to the enemy's purpose.

Success in warfare is gained by carefully accommodating ourselves to the enemy's purpose.



The idea that trials are a search for the truth is just a myth. Trials are a search for that which the jury will believe is the truth.

The idea that trials are a search for the truth is just a myth. Trials are a search for that which the jury will believe is the truth.



There's nothing better than now.

There's nothing better than now.



Looking at the ball going over the fence isn't going to help.

Looking at the ball going over the fence isn't going to help.



Your sister is the only creature on earth who shares your heritage, history, environment, DNA, bone structure, and contempt for stupid Aunt Gertie.

Your sister is the only creature on earth who shares your heritage, history, environment, DNA, bone structure, and contempt for stupid Aunt Gertie.



We're living at a time when attention is the new currency. Those who insert themselves into as many channels as possible look set to capture the most value.

We're living at a time when attention is the new currency. Those who insert themselves into as many channels as possible look set to capture the most value.



Every revolution was first a thought in one man's mind; and when the same thought occurs to another man, it is the key to that era.

Every revolution was first a thought in one man's mind; and when the same thought occurs to another man, it is the key to that era.



You feel quite strangely secure [doing any kind of series]. It's the opposite of how you're supposed to feel doing a movie.

You feel quite strangely secure [doing any kind of series]. It's the opposite of how you're supposed to feel doing a movie.



I watch a lot of hockey. There are some good hockey players and there are some awfully stupid hockey players.

I watch a lot of hockey. There are some good hockey players and there are some awfully stupid hockey players.



The purse strings tie us to our kind.

The purse strings tie us to our kind.




Quote Description


This page presents the quote "The scarcity that afflicts the world is not the fault of either science or nature. The cause is defective economic institutions which abort technology's affluence producing potential.". Author of this quote is Louis O. Kelso. This quote is about institutions, defective, economic, technology, scarcity, politics, affluence, wisdom, science,.