Excerpt from The Social Law of Labor
There can be no dispute between Labor and Capital, because they are the same thing, some say. But you cannot convince the man starting with his shovel Monday morning, that the ten milled dollars he hopes to receive on Saturday night are of one substance with the sweat and toil he feels must go with the shovel all the coming week. He would like to have the dollars by an easier process.
The contractor, who expects one thousand of the dollars now lying in a bank vault, and who sees, before he can obtain them, a possible outlay of three thousand during the week, in his struggle with unseen rocks, concrete gravel, treacherous morass, and sluggish workmen, - this contractor cannot believe that labor and the dollars embodying capital are precisely the same thing.
The capitalist who has loaned one hundred thousand dollars the previous week to many contractors, who has spent Sunday in nervous dread reading of strikes and of failures of construction companies, cannot be convinced that his capital and toiling labor are at that moment one substance.
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