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> There is nothing to redistribute when we all have nothing - and that is our initial state. If the initial state is nothing, where, exactly, does the “capital
by dahart 5y ago
> There is nothing to redistribute when we all have nothing - and that is our initial state.
If the initial state is nothing, where, exactly, does the “capital” in capitalism come from?
> Then through capitalism value is created.
That is an amazing magical sentence. Capitalism creates value? How does it do that?
- nec4b 5y agoFrom your head, hands and environment.
- dahart 5y agoWhich question were you attempting to answer there? I assume it’s how does capitalism create value. Unfortunately, you just described labor, something common to all economic systems including communism. This doesn’t address how capitalism creates value.
- nec4b 5y agoFor me my head, my hands and the environment is the capital which creates value.
- dahart 5y agoRepeating your answer doesn’t help much. Have you studied any economics? Unfortunately, that’s not what capital means, it squarely contradicts the definitions of capital and of capitalism, and again, completely fails to answer the question. Communists have heads, hands, and environments. So do socialists, and feudalists, and aboriginal tribes, and, well, everyone. If you’re interested in learning how capitalism creates value, here are a couple of places you might start: https://www.investopedia.com/terms/c/capitalism.asp https://www.investopedia.com/terms/c/capitalism.asp https://en.wikipedia.org/wiki/Capitalism https://en.wikipedia.org/wiki/Capitalism
- nec4b 5y ago>>Communists have heads, hands, and environments. So do socialists, and feudalists, and aboriginal tribes, and, well, everyone. Of course they do, but they aren't allowed to use them to their full potential. I don't think you have read your own links. Hint: read the first sentence of your wikipedia link. And yes I have partially studied economics and have family members who are trained economists.