When money is controlled by a few it gives that few an undue power and control over labor and the resources of the country. Labor will have its best return when the laborer can control its disposal.
Interpretation
Concentration of wealth among a few leads to exploitation and inequality.
This quote expresses the idea that when wealth is concentrated in the hands of a small group of people, it creates an imbalance of power that negatively impacts laborers and the resources of a nation. The author argues that laborers would benefit the most when they have control over their own work and its fruits, suggesting that true economic equity comes from shared ownership and distribution of resources.
In practice
In a discussion about economic disparity at a public forum.
Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.
The merchants will manage [commerce] the better, the more they are left free to manage for themselves.
A just wage for the worker is the ultimate test of whether any economic system is functioning justly.
Prosperous farmers mean more employment, more prosperity for the workers and the business men of every industrial area in the whole country.
The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.
We all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis.
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