Abraham Lincoln: Capitalists Fleece
on Wednesday, July 8, 2020Abraham Lincoln Money Quote saying the capitalist works along with other capitalists to cheat folks. Abraham Lincoln said:
“These capitalists generally act harmoniously and in concert, to fleece the people” — Abraham Lincoln
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Abraham Lincoln is criticizing how capitalists work together against the interests of ordinary people. “Act harmoniously and in concert” means they collude or cooperate with each other. “Fleece the people” suggests they exploit the people, like shearing wool from sheep, to take unfair advantage and profit at the people’s expense.
Lincoln believed capitalists would collude to maximize their profits through monopolies and other unfair business practices, rather than compete in a way that also benefits consumers and workers