4 ms·
Yeah, this right here. It's taking operational expenses (which cannot be "owned" as a means of production) and converting them into capital expenses (which can
by wayoutthere 7y ago
Yeah, this right here.
It's taking operational expenses (which cannot be "owned" as a means of production) and converting them into capital expenses (which can be). The more of the work that can be done by things that are "owned," the more the gains accrue to the ownership class.
In previous eras, the ownership class was known as royalty (later as "landed gentry") and they effectively or literally owned the people working underneath them. This removes the ethical problems of owning people while retaining the benefits.