“Each co-operative institution will become a school of business in which each member will acquire a knowledge of the laws of trade and commerce.”
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Many writers upon the science of political economy have declared that it is the duty of a nation first to encourage the creation of wealth and second, to direct and control its distribution. All such theories are delusive.
Government itself is founded upon the great doctrine of the consent of the governed, and has its cornerstone in the memorable principle that men are endowed with inalienable rights.
The employee is regarded by the employer merely in the light of his value as an operative. His productive capacity alone is taken into account.
From my earliest acquaintance with the science of political economy, it has been evident to my mind that capital was the product of labor, and that therefore, in its best analysis there could be no natural conflict between capital and labor.