this post was submitted on 16 Nov 2023
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Capital is dead labor (lemmy.ml)
submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/[email protected]
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[–] [email protected] 4 points 2 years ago (1 children)

i love it when socialists argue against the concept of debt and currency.

[–] [email protected] 1 points 2 years ago

Capital is more like stored labour. The first ever capital was just a starp stick or spear. Someone spent labour and it resulted in a more productive way to hunt animals. This almost immediately would’ve resulted in inequality as the spear hunter caught more game. It’s not that the capital was taking anything from the labourer, it’s actually that capital and labour work really well together and humans are more productive with capital.