Tuesday, December 16, 2014

Doing It the Abraham Lincoln Way

"LABOR IS PRIOR TO CAPITAL, which is only the fruit of labor, and would never have existed, had not labor existed first. Labor is superior to capital, and should always be given the higher consideration", said Abraham Lincoln, who was a rebublican. Oh, that today's republicans were more like Lincoln! Invest the money, establish management team, hire the labor, minimum costs, maximum profit, sell shares, maximum dividends for shareholders, maximum pay for upper level management, our modern corporate business plan. Bad plan, according to old Abe, who hated being called "Abe", and preferred being called "Lincoln". And he preferred workers to corporate profit. Labor-ownership, small scale production and sales, reinvestment, management, shareholders. The Lincoln approach. All business starts small, and the real work begins with worker production. Let the fruit of labor begin with labor, and let it trickle upward, all the way to management and shareholders. Managers and shareholders can wait. And besides, managers and shareholders don't work quite as hard as workers, as Abraham Lincoln knew well.

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