Top 53 Kelso Quotes
#1. Kelso's hangover had gone, to be replaced by that familiar phase of post-alcoholic euphoria - always in the past, his most productive time of day - a feeling that alone was enough to make getting drunk worthwhile.
Robert Harris
#2. You are a bird of ill-omen, thought Kelso. You circle the world and wherever you land there is famine and death and destruction: in an earlier and less credulous age, the local citizens would have gathered at the first sight of you and driven you off with stones -
Robert Harris
#4. Only now are increasing numbers of political and social scientists beginning to realize that Kelso's theories provide a private-property-based alternative to the imminent passage of a government-distributed "guaranteed income" or "negative income tax."
Hazel Henderson
#5. While no inference is intended here, it is worth noting, in connection with Milton Friedman's comment that "Kelso just turned Marx upside down," that it is not necessarily amiss to turn a fellow upside down if that in fact straightens out his thinking.
Louis O. Kelso
#6. A crackpot theory. Instead of saying labor's exploited, as Marx did, Kelso says capital's exploited. It's worse than Marx. It's Marx stood on its head.
Milton Friedman
#7. Louis Kelso's formula sounds like Lydia Pinkham's Vegetable Compound. The whole theory sounds crazy. But, then, one may recall, they said all that of Copernicus too.
James J. Kilpatrick
#8. Louis Kelso of San Francisco, a lawyer-economist, has for years felt that he has a radical answer to the problem.
William F. Buckley Jr.
#9. But if not Kelso, then something else, because a free people must own the nation they live in.
Nicholas Von Hoffman
#10. When I was Governor, Louis Kelso went out of his way to brief me. I was very impressed, but I was never able to get any of the economists in state government to give him the help his plan deserves.
Jerry Brown
#11. The owners of labor, on the other hand, are being taught, by the most powerful and well-publicized examples, that the highest rewards are not for production, but for the employment of organized power to take over a share of what others produce.
Louis O. Kelso
#12. The poor lack money. They lack money because they do not know the secret of productive wealth. They know it is possible to be old, unemployed, uneducated, lazy - even halt, deaf, dumb, and blind-and still be excessively rich. But you have to be in on the secret, and the poor by definition are not.
Louis O. Kelso
#13. The one important distinction between the two factors of production is that in a free society, ownership of the human factor, labor, cannot be concentrated while ownership of the non-human factor, capital, can be.
Louis O. Kelso
#14. 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
#15. The idea that full employment without property ownership will solve the world's problems is utter nonsense. The Keynesian concept that the function of capital is merely to amplify labor, not independently produce wealth is simply blindness.
Louis O. Kelso
#16. Had Marx understood the implications of the principles of capitalistic distribution which presented themselves to him as "appearances" only, he might have become a revolutionary capitalist instead of a revolutionary socialist.
Louis O. Kelso
#17. The political objective of universal capitalism is maximum individual autonomy, the separation of political power wielded by the holders of public office from economic power held by citizens, and the broad diffusion of privately owned economic power.
Louis O. Kelso
#18. People are hungering for property - for a secure, permanent and independent link with spaceship earth that ownership represents and which only ownership can protect or defend. It is humiliating to possess nothing, to own nothing, and hence to produce nothing and to count for nothing.
Louis O. Kelso
#19. Hard-core structural poverty has a counterpart at the apex: hard-core structural affluence.
Louis O. Kelso
#20. Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary system is a legal contrivance. Property, not money, is real wealth. It's physical, not legal.
Louis O. Kelso
#21. There is no future for those who cannot or will not think.
Louis O. Kelso
#22. Who the hell cares about what anybody else thinks? Just look into your heart and do whatever the hell makes you happy.
Dr Kelso Scrubs
#23. There is more to life than material well-being. Who would claim that the wholly wage-dependent family enjoys the dignity, the security, the range of choice and the autonomy (not to mention the leisure and freedom) of the family even partially supported by capital ownership?
Louis O. Kelso
#24. No Keynesian has ever proposed a measure designed to make the individual more productive; for that would require institutional means for enabling him to acquire ownership of the nonhuman factor of production: capital.
Louis O. Kelso
#25. 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.
Louis O. Kelso
#26. If we functionally define a capitalist household as one that receives at least half of the annual income it spends on consumption in the form of return on invested capital, less than 1 percent of United States households are capitalists.
Louis O. Kelso
#27. The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input.
Louis O. Kelso
#28. When capital owners are few, the private-property conduits of necessity create vast savings reservoirs for those few. If there were many owners, the same conduits would broadly irrigate the economy with purchasing power.
Louis O. Kelso
#29. The totalitarian toil-state originates in the propertylessness of the majority.
Louis O. Kelso
#30. Property in everyday life, is the right of control.
Louis O. Kelso
#31. Then she was seated, in a chair made for sitting, and sit in it she did, like a person seated in a chair made for sitting.
Rachel Kelso
#32. The first principle of economic symmetry: building the economic power to consume simultaneously with the industrial power to produce.
Louis O. Kelso
#33. Labor is the source of subsistence, capital is the source of affluence. My idea is to make everyone a capitalist, and therefore, financially secure.
Louis O. Kelso
#34. 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
#35. It is the institutions of society, not parental genes, that bestow the blessings of ownership of productive capital.
Louis O. Kelso
#36. The point is to make the pie grow faster and distribute the new growth more equitably.
Louis O. Kelso
#37. What we've found is a whole new pattern of change that we hadn't thought of before. They changed their attitude toward the colony over time - and they really adapted to the reality they found in Virginia.
William M. Kelso
#38. We have an economic policy that is just about 10,000 years out of date.
Louis O. Kelso
#39. Everyone should own a piece of the wealth-producing capital of this country, but not everyone can be a manager. Or should be.
Louis O. Kelso
#40. The sooner the world solves its economic problems, the sooner its inhabitants can afford leisure and peace and get on with the non-material things that are inherently important: the work of mind and spirit that is gloriously and uniquely human, the work that no machine can ever do.
Louis O. Kelso
#41. Full employment is a socially hazardous goal. In effect, it aspires to restore through political expedients the pre-industrial state of toil that science, engineering, technology and modern management are pledged to overcome.
Louis O. Kelso
#42. Creativity is a state of mind, a way of being, and it comes from a sacred place within.
Bonnie Kelso
#43. If capital produces most of the economy's wealth and income is distributed on the basis of productive input, the individual can hardly reach his goal - an affluent level of income - solely by means of his labor.
Louis O. Kelso
#44. 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.
Louis O. Kelso
#45. Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable distribution of income. It is an inequitable distribution of productive power, from which an unworkable distribution of income results.
Louis O. Kelso
#46. Technology plows through history at an accelerating rate, shifting the burden of production off labor into the nonhuman factor because man uses his highest ingenuity to avoid servile labor.
Louis O. Kelso
#48. That which is inherently nonfinanceable is financed. That which is inherently financeable is not financed. And the illogic of poverty amidst eagerness and ability to produce plenty goes on.
Louis O. Kelso
#49. Political power without economic power is sterile.
Louis O. Kelso
#50. Our present predicament comes from the fact that running the economy on blood is no longer fashionable. We can't end this depression with another war.
Louis O. Kelso
#51. I'm a secret nonmember of the establishment. This isn't a grubby kind of revolution I'm talking about. This isn't Che Guevara stuff. I don't want to live on berries in the woods - I don't think anybody does.
Louis O. Kelso
#52. 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.
Louis O. Kelso
#53. One hit, one moan of fractured air, one solid impact and the man went down.
L.G. Kelso
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