Does capitalism work for you?
5:00
Since 1989, with the fall of the Berlin Wall, communism has been defeated by capitalism. Capitalism, therefore, is the only remaining game in town.
The question is, "Are you playing that game, or is that game playing you?"
Capitalism means the "cult of capital." The idea is to convert EVERYTHING into capital (best defined as "concentrated productive capacity").
Talent, information, insights, ideas, labour, skills, etc. must all be converted into capital. That is what entrepreneurs obsess about.
Capital is power, and the more you concentrate it and accumulate it, the more power you have.
Most people, on the other hand, do not think about accumulating capital. They may save money, but their money is earning only a fixed interest rate. Their money is not capital.
Their money becomes capital only when it is borrowed by an entrepreneur who needs to acquire capital in order to expand his business.
In other words, capitalism doesn't work for most people. On the contrary, most people work for capitalism: by providing their labour to capitalists, they ensure that the capitalistic system functions properly.
Without labour, an entrepreneur may have the best equipment or the biggest cash reserve or the most efficient manufacturing plant, yet he cannot create value. He cannot build wealth.
Since 1989, with the fall of the Berlin Wall, communism has been defeated by capitalism. Capitalism, therefore, is the only remaining game in town.
The question is, "Are you playing that game, or is that game playing you?"
Capitalism means the "cult of capital." The idea is to convert EVERYTHING into capital (best defined as "concentrated productive capacity").
Talent, information, insights, ideas, labour, skills, etc. must all be converted into capital. That is what entrepreneurs obsess about.
Capital is power, and the more you concentrate it and accumulate it, the more power you have.
Most people, on the other hand, do not think about accumulating capital. They may save money, but their money is earning only a fixed interest rate. Their money is not capital.
Their money becomes capital only when it is borrowed by an entrepreneur who needs to acquire capital in order to expand his business.
In other words, capitalism doesn't work for most people. On the contrary, most people work for capitalism: by providing their labour to capitalists, they ensure that the capitalistic system functions properly.
Without labour, an entrepreneur may have the best equipment or the biggest cash reserve or the most efficient manufacturing plant, yet he cannot create value. He cannot build wealth.
posted by Super Peter at 11:16 PM
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