4 ms·
> The actual value is still generated by the labor. The labour _needed_ the money. In other words, the labour doesn't want to take on capital risk (aka, the ou
by chii 2y ago
> The actual value is still generated by the labor.
The labour _needed_ the money. In other words, the labour doesn't want to take on capital risk (aka, the output turning worthless, or something like that).
Investors aren't leeching, they are taking risks - risks that the labourers dont want to take (otherwise, they would've been the one fronting the cost, rather than expecting to get paid for labour!).
The old idea of capital being leeches only happens when your capital comes from lords who granted you ownership (of the land).