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Alan Gregory Wonderwheel's avatar

Caitlin is echoing the words of populist Abrabam Lincoln who said, "Labor is the true standard of value."

"Labor is the great source from which nearly all, if not all, human comforts and necessities are drawn."

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration."

"And I am glad to know that there is a system of labor where the laborer can strike if he wants to! I would to God that such a system prevailed all over the world.”

"But it has so happened in all ages of the world, that some have laboured, and others have, without labour, enjoyed a large proportion of the fruits. This is wrong, and should not continue. To to each labourer the whole product of his labour, or as nearly as possible, is a most worthy object of any good government."

Note that Lincoln said it is the duty of any good government to protect the workers from having the fruits of their labor stolen by the class of owners who are not doing the work. There is no "Party of Lincoln" today in the duopoly party since both Republicans and Democrats don't believe in protecting workers from owner class exploitation and theft of the laborer's fruits.

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Feral Finster's avatar

Corporate limited liability exists, only because the law says so. There is also a substantial body of literature comparing the behavior of corporations where management are not necessarily owners with that of sociopaths.

Take away corporate limited liability, and where would modern-day capitalism be?

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