"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration"

Abraham Lincoln's quote shows a basic viewpoint on the interrelationship between labor and capital. It highlights the primacy of labor in the development and nourishment of capital, highlighting labor's intrinsic value in the economic system.

Lincoln starts by asserting that "labor is prior to, and independent of, capital". This statement establishes labor as the foundational element upon which capital is developed. Labor, in this context, is the human effort, both physical and intellectual, that changes resources into products and services. It is through labor that basic materials are converted into important items, driving financial activity.

The quote further elaborates that "capital is only the fruit of labor." Here, Lincoln highlights that capital-- be it funds, machinery, or facilities-- is a product of labor's venture. Without the preliminary input of labor, capital could not be generated. This idea challenges the perspective that capital is the primary force driving economic growth, placing labor as the real source of value development.

When Lincoln states that capital "might never have existed if labor had not very first existed," he reinforces the dependence of capital on labor. This concept recommends that all wealth development is fundamentally connected to human effort and performance. Capital, no matter how significant, is inert and unproductive without labor to activate and utilize it.

Lastly, Lincoln concludes that "labor is the exceptional of capital, and is worthy of much the greater factor to consider." This part of the quote designates higher moral and economic worth to labor over capital. By promoting for greater consideration for labor, Lincoln is requiring a recognition of the rights, contributions, and dignity of employees. In doing so, he argues for economic structures and policies that prioritize the well-being and reasonable treatment of workers, guaranteeing they receive their due share of financial prosperity.

In general, Lincoln's quote can be viewed as a call for an equitable economic system where labor is not just acknowledged as fundamental but also appreciated and rewarded appropriately.