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I can permanently exchange capital for land, therefore land is capital. If slavery were legal, then labor would be capital too.
by bigmanwalter 10y ago
I can permanently exchange capital for land, therefore land is capital.
If slavery were legal, then labor would be capital too.
- eru 10y agoYou can exchange labour for land or capital as well: go work for money, then buy a house.. Your second point is sort-of true. That's why when Britain freed the slaves they bought them free.
- ArkyBeagle 10y agoLand and capital are not interchangeable as factors of production. Next: let's please not confuse accounting and economics :)
- bigmanwalter 10y agoOf course they are. I can exchange half my land for capital and now I have both.
- eru 10y agoYou are talking past each other. And your argument is weird: using the market you can exchange all kinds of things for each other. What's the difference between exchanging land for capital vs labour for capital in that argument?