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> Globalisation has disproportionately benefited the rich in part by rewarding capital more handsomely than labour How would one define "Capital" in this case?
by cgb223 9y ago
> Globalisation has disproportionately benefited the rich in part by rewarding capital more handsomely than labour
How would one define "Capital" in this case? What does this mean?
- jrochkind1 9y agoRoughly, "capital" is the class of people who make most of their money by investing money they already had, and "labor" is people who feed themselves by selling their time working to others. I'm guessing you knew that but want to challenge the categorization?