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By capital, I am referring to things that improve the efficiency of labour, such as a combine harvester.
by janef0421 4y ago
By capital, I am referring to things that improve the efficiency of labour, such as a combine harvester.
- s1artibartfast 4y agoMe too. You can't build a combine harvester with labor alone. There's a hell of a lot of capital that went into producing one. Land, mining equipment, metal smelters, machine shops, trains and ships, and assembly facilities. It takes skilled labor too, but you can't make most things purely out of skilled labor.
- janef0421 4y agoIn that case, that capital was also created by labour.
- s1artibartfast 4y agoSure, capital can't exist without humans. My main point is not where capital first originated, but one on how more capital is generated in practice. Even a maxist analysis admits that goods are generated with labor plus the means of production. This is a very important point.