It’s not really capitalism without the involvement of capital, is it? It’s more akin to a trade-and-barter-economy/society, where everyone involved should have a high level of faith in others
Sorry if it wasn’t clear, but money != Capital, not necessarily. You can have money to exchange for goods, but as long as your money doesn’t auto-accumulate via interest, dividends etc, you don’t necessarily have capital. Of course this is mainly a discussion on definitions then
No, the truck is his capital. That’s his means of production — presumably, not just of free pizzas in exchange for moving furniture, but even then, every dollar he saves by not having to pay for dinner could go towards paying off his car loan.
On top of that he’s saving on taxes because no money was ever exchanged for this transaction. Everything about this scenario is 100% capitalist.
It’s not really capitalism without the involvement of capital, is it? It’s more akin to a trade-and-barter-economy/society, where everyone involved should have a high level of faith in others
I’m pretty sure they were referring to From each according to his ability, to each according to his needs which most definitely is not capitalism lol, it’s a joke
TIL, thx
How do you think Kevin paid for the truck? With pizzas?
Sorry if it wasn’t clear, but money != Capital, not necessarily. You can have money to exchange for goods, but as long as your money doesn’t auto-accumulate via interest, dividends etc, you don’t necessarily have capital. Of course this is mainly a discussion on definitions then
No, the truck is his capital. That’s his means of production — presumably, not just of free pizzas in exchange for moving furniture, but even then, every dollar he saves by not having to pay for dinner could go towards paying off his car loan.
On top of that he’s saving on taxes because no money was ever exchanged for this transaction. Everything about this scenario is 100% capitalist.