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TopicWhy do 90% of pro-capitalism arguments
WingsOfGood
01/28/22 1:37:39 PM
#97:


Squall28 posted...
They raised capital by WORKING to create things.

https://www.investopedia.com/terms/c/capital.asp

Capital is typically cash or liquid assets being held or obtained for expenditures. In a broader sense, the term may be expanded to include all of a companys assets that have monetary value, such as its equipment, real estate, and inventory. But when it comes to budgeting, capital is cash flow.

They don't create Capital.
They are what is known as self-sufficient. Capital is the opposite of self-sufficiency. It is a dependence on an outside economy.

Here is the part that really presents you a problem.

When they created anything, they owned it and whatever value you might assign to it 100%. By them I mean the whole community.
Fyi, their philosophy was one of sharing with all who were apart of their tribe.
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