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Quote#Money & Wealth

The capitalist cheapens their wages; they compete with and underbid…

Quote byGeorge Fitzhugh · 1806–1881

Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: Sociology For The South: Or The Failure Of A Free Society (1854), pp. 22-23.

English (original)

The capitalist cheapens their wages; they compete with and underbid each other, for employed they must be on any terms. This war of the rich with the poor and the poor with one another, is the morality which political economy inculcates.

— George Fitzhugh

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