3 ms·

> Money doesn't work, people do! Not really true at all. Production is almost always a combination of labor and capital. Consider a restaurant. People are work

> Money doesn't work, people do! Not really true at all. Production is almost always a combination of labor and capital. Consider a restaurant. People are working there but so is a stove, aka capital aka money.

ithkuil 2y ago
Who made and maintained the stove?
0xEF 2y ago
I think you misunderstood what capital is. See, one does not become a Capitalist without taking advantage of others. Most people don't have the initial capital to build the stove and sell it to other Capitalists, so they end up, as in your example, just another piece of equipment doing the actual work in the restaurant alongside the stove. The Capitalist and their money do no actual work, but finance the work being done then profit from it with stolen wages and artificial inflation, which is why your steak costs you, the customer, $15 USD to enjoy when the reality is it took a collective $5 to actually produce. So the original reply is correct; money does not work, people do.
- CaptainFever 2y ago
  No, you misunderstand what capital is. > While money itself may be construed as capital, capital is more often associated with cash that is being put to work for productive or investment purposes. In general, capital is a critical component of running a business from day to day and financing its future growth. https://www.investopedia.com/terms/c/capital.asp https://www.investopedia.com/terms/c/capital.asp What you're espousing is the outdated view of the Labour Theory of Value. To see why this is wrong, imagine a bottle of grape juice that gets forgotten, which turns into wine and gains value. Yet no work was put into it. Please, please stop repeating century-old outdated theories that has been disproven. https://www.investopedia.com/terms/l/labor-theory-of-value.asp https://www.investopedia.com/terms/l/labor-theory-of-value.a...

ithkuil 2y ago

Who made and maintained the stove?

0xEF 2y ago

I think you misunderstood what capital is. See, one does not become a Capitalist without taking advantage of others. Most people don't have the initial capital to build the stove and sell it to other Capitalists, so they end up, as in your example, just another piece of equipment doing the actual work in the restaurant alongside the stove. The Capitalist and their money do no actual work, but finance the work being done then profit from it with stolen wages and artificial inflation, which is why your steak costs you, the customer, $15 USD to enjoy when the reality is it took a collective $5 to actually produce. So the original reply is correct; money does not work, people do.

CaptainFever 2y ago
No, you misunderstand what capital is. > While money itself may be construed as capital, capital is more often associated with cash that is being put to work for productive or investment purposes. In general, capital is a critical component of running a business from day to day and financing its future growth. https://www.investopedia.com/terms/c/capital.asp https://www.investopedia.com/terms/c/capital.asp What you're espousing is the outdated view of the Labour Theory of Value. To see why this is wrong, imagine a bottle of grape juice that gets forgotten, which turns into wine and gains value. Yet no work was put into it. Please, please stop repeating century-old outdated theories that has been disproven. https://www.investopedia.com/terms/l/labor-theory-of-value.asp https://www.investopedia.com/terms/l/labor-theory-of-value.a...