Guide The New Capitalists: A Proposal to Free Economic Growth from the Slavery of Savings

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    Kelso Kelso tracts O mother, where art thou? Aboriginal, Torres Strait Islander and other First Nations people are advised that this catalogue contains names, recordings and images of deceased people and other content that may be culturally sensitive. He stood for Lockean natural rights, racial equality, and economic liberty in a free labor system. At the very heart of his worldview was the principle of self-ownership. Unsurprisingly, Douglass's individualistic, market-oriented definition of liberty put him at odds with the socialist creed.

    The abolitionist-turned-socialist John A.

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    Collins offers a telling contrast. The "right of individual ownership in the soil and its products," Collins declared, are "the great cause of causes, which makes man practically an enemy to his species.

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    He didn't remain much of an abolitionist after that. Thomas has noted, "Collins took a perfunctory part, scarcely concealing his impatience until the end of the meeting when he could announce that a socialist meeting followed at which the real and vital questions of the day would be discussed. Perhaps the most significant left-wing attacks on the abolitionists at that time came in the pages of The Phalanx , a journal devoted to spreading the ideas of the French socialist Charles Fourier.

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    Under this system the Hired Laborer is worked to excess, beggared and degraded… The slave at least does not endure these evils, which 'Civilized' society inflicts on its hirelings. No wonder why Frederick Douglass thought the socialists were speaking arrant nonsense. He knew slavery firsthand, and he had no doubt that free labor was infinitely superior to it. Ironically, when it came to making arguments against free labor, the socialists and the slaveholders made certain identical claims.

    For example, the South's leading pro-slavery intellectual, the writer George Fitzhugh, argued that free labor was "worse than slavery" because it simply meant that the capitalists were free to exploit the workers. The idea that "individuals and peoples prosper most when governed least," Fitzhugh wrote, was nothing but a lie: "It has been justly observed that under this system the rich are continually growing richer and the poor poorer. Douglass took a different view.

    The New Capitalists: A Proposal to Free Economic Growth from the Slavery of Savings - CLEO

    For example, taking a page from Locke's notion of private property emerging from man mixing his labor with the natural world, Douglass pointed to the many labors performed by black Americans as clear evidence that they were entitled to the full spectrum of natural rights. Today Frederick Douglass is best remembered as a giant of the abolitionist cause.

    Presidency of Institute. Kelso served as managing director and chief executive.

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    It was during his years in the Navy, as an intelligence officer in Panama, that Mr. Kelso first formulated his concept of employee ownership.

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    The idea remained relatively dormant until the mid's, when he met the philosopher Mortimer J. Push for New Laws. Kelso was instrumental in having Federal and state laws passed to encourage expanded employee stock ownership. He also helped push for changes in the tax laws that were beneficial to employee stock ownership plans. In addition to his wife, Patricia, he leaves two daughters from a previous marriage, Martha Brookman of Woodside, Calif.