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The very fact that a company grows in value from $X to $X * 1000 is proof that it’s productive use of capital.
by refurb 10mo ago
The very fact that a company grows in value from $X to $X * 1000 is proof that it’s productive use of capital.
- BrenBarn 10mo agoYou can say that, but then I can say why do we care about whether something is a productive use of capital? What I care about is life being good for human beings, not "productive use of capital".
- refurb 10mo agoWe care because productive use of capital create income that is taxed, that pays for things like healthcare, social services, etc. Could we live with less productive capital? Sure. It wouldn't be anywhere near as nice.