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Leadership Quote by Abraham Lincoln

"These capitalists generally act harmoniously and in concert, to fleece the people"

About this Quote

It is easy to forget how blunt Lincoln could be when the target wasn’t the Confederacy but concentrated money. “These capitalists” is not a stray jab; it’s a deliberate naming of a class with shared interests, followed by the damning claim that they “act harmoniously and in concert.” Lincoln is accusing wealth of something we usually reserve for political parties or conspirators: coordination. The rhetorical move matters. By framing elite behavior as collective, he punctures the comforting myth of capitalism as atomized competition and recasts it as a kind of private government - disciplined, strategic, and often invisible.

“Fleece the people” does heavy moral work. It’s agrarian language, tactile and humiliating, implying the public isn’t merely losing money but being shorn by those who treat citizens like livestock. Lincoln understood that outrage sticks when it feels physical. The verb also dodges technocratic debate: you don’t need a spreadsheet to recognize a swindle.

Context sharpens the intent. Lincoln presided over a nation remaking its economy through war contracts, railroads, banking reforms, and expanding corporate power - fertile ground for cronyism, speculation, and the early architecture of what later Americans would call the “robber barons.” His broader political project married free labor ideals with national development, but this line shows the anxiety inside that marriage: markets can reward work, yet organized capital can also rig the terms.

The subtext is a warning about democracy’s weakest seam. Ballots can be outmaneuvered by balance sheets when wealth learns to move “in concert.”

Quote Details

TopicJustice
Source
Verified source: The Papers And Writings Of Abraham Lincoln, Volume 1:1832... (Abraham Lincoln)ISBN: 9783849679675 · ID: 7OoqDwAAQBAJ
Text match: 95.00%   Provider: Google Books
Evidence:
Abraham Lincoln. got behind the settlement of accounts; for it is well known to all, that the Legislature, at ... These capitalists generally act harmoniously and in concert, to fleece the people, and now that they have got into a ...
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Citation Formats

APA Style (7th ed.)
Lincoln, Abraham. (2026, February 13). These capitalists generally act harmoniously and in concert, to fleece the people. FixQuotes. https://fixquotes.com/quotes/these-capitalists-generally-act-harmoniously-and-25186/

Chicago Style
Lincoln, Abraham. "These capitalists generally act harmoniously and in concert, to fleece the people." FixQuotes. February 13, 2026. https://fixquotes.com/quotes/these-capitalists-generally-act-harmoniously-and-25186/.

MLA Style (9th ed.)
"These capitalists generally act harmoniously and in concert, to fleece the people." FixQuotes, 13 Feb. 2026, https://fixquotes.com/quotes/these-capitalists-generally-act-harmoniously-and-25186/. Accessed 29 Mar. 2026.

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About the Author

Abraham Lincoln

Abraham Lincoln (February 12, 1809 - April 15, 1865) was a President from USA.

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