I suppose the Senator disagrees with my philosophy on this. My philosophy is that capital and labor ought to be represented equally. I do not think capital ought to be above labor, nor do I think labor ought to be above capital, but I think the two ought to work together. I believe it is not in the best interest of our capitalistic system to place capital above labor, because that will destroy our productivity and destroy our labor force in this country. I also think the opposite is not good either, trying to elevate labor over capital. So we have to try to keep a balance.
Tom Harkin: “I suppose the Senator disagrees with my philosophy on this. My philosophy is that capital and labor ought to be…”
Editor's note · Context
Discussing the relationship between capital and labor in the context of labor laws.
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