Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable … - Louis O. Kelso

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Everybody wants to laugh - you know that. They need to laugh. . . people need to laugh.

Louis O. Kelso

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.

Assert, Income, Inequitable, Two, Unworkable, Wisdom

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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.

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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.

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All this plan does is make everybody a capitalist. I know that the New York Stock Exchange says there are 25 million shareholders in the United States, but let me tell you something: about 15 million of those people could save their dividends for 10 years and maybe buy a new suit. That's not what I call capitalism.

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

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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.

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