"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.”
“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
| Topic | Justice |
|---|
More Quotes by Abraham
Add to List

