If you are working for a paycheck, you do not touch capital.
Ok so I have my beef with capitalism, for sure, but this is inaccurate. People all over the country own property, shares in public and private companies, shares of government utilities, just to name a few examples.
Ownership of things does get distributed through capitalism. As manipulated as it is, that’s the concept of the stock market.
I’m not rich, but I do own a small amount of capital. My net worth far, far exceeds what I have in my bank account when you account for my car that I’ve paid off, small investments that have appreciated over time, stuff like that.
Now the top of the capitalist class? They have SO MUCH cash, and so many resources to draw on that they can manipulate stock prices and company values at will. That’s where the whole system starts to break down.
Idk what definition of capital you used to determine this but I will be using the Marxist on because capital is a Marxist term.
Capital is private property used to create surplus value usually involving the purchase of wage labor. It can be the money a capitalist uses to pay their employees, the land their workers use to produce surplus value for them, and/or the machinary required for their workers to produce surplus value as a few examples. Buying stocks does not mean you own the means of production in any significant way. You may have stake in how those means of production are use but you do not control them and you do not use them to produce surplus value nor do you purchase wage labor, you only profit off someone who does.
Furthermore your personal possessions like your car are not capital.
If you sell your labor to someone who possesses the means of production you are proletariat
If you work for a living, and being unemployed indefinitely would threaten your survival, you are part of the working class. Owning a few crumbs of capital is a nice cushion, but does not define your class.
If your income is passive, and you could live your whole life off the returns from your investments without ever actually working, you are part of the capitalist class.
That can’t be true. I’ve done the math on my living expenses and it would only take a few years of saving in a high interest account for me to be considered a capitalist under that definition. if social mobility was truly that easy no sane person would be against capitalism.
You do not get any access to the company’s resources. There is no dollar sitting in company coffers for your dollar of investment. You don’t get to decide what that money does what so evwr, and its value is speculative on the performance.
That is far, far, far removed from owning or controlling any part of a company’s capital.
I’ve been part of multiple board elections where the little people have deciding votes because a 3rd party institutional investor needs to rally the retail investors to oust the current board for environmental crimes reasons.
Having a vote is having control of capital … and they pay you for it with dividends too.
Capital is not money, capital can be represented by money but it is not inherently money. Capital is something you use to buy someone’s labor. More specifically it is the social relationship between wage labor and profit. Assets (private property) used to produce profit (surplus value) are capital
Capital is “the characteristic the means of production acquire when they are used to hire labor and generate surplus value”
“Capital is dead labour, that, vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks.”
Ok so I have my beef with capitalism, for sure, but this is inaccurate. People all over the country own property, shares in public and private companies, shares of government utilities, just to name a few examples.
Ownership of things does get distributed through capitalism. As manipulated as it is, that’s the concept of the stock market.
I’m not rich, but I do own a small amount of capital. My net worth far, far exceeds what I have in my bank account when you account for my car that I’ve paid off, small investments that have appreciated over time, stuff like that.
Now the top of the capitalist class? They have SO MUCH cash, and so many resources to draw on that they can manipulate stock prices and company values at will. That’s where the whole system starts to break down.
Idk what definition of capital you used to determine this but I will be using the Marxist on because capital is a Marxist term.
Capital is private property used to create surplus value usually involving the purchase of wage labor. It can be the money a capitalist uses to pay their employees, the land their workers use to produce surplus value for them, and/or the machinary required for their workers to produce surplus value as a few examples. Buying stocks does not mean you own the means of production in any significant way. You may have stake in how those means of production are use but you do not control them and you do not use them to produce surplus value nor do you purchase wage labor, you only profit off someone who does.
Furthermore your personal possessions like your car are not capital.
If you sell your labor to someone who possesses the means of production you are proletariat
If you work for a living, and being unemployed indefinitely would threaten your survival, you are part of the working class. Owning a few crumbs of capital is a nice cushion, but does not define your class.
If your income is passive, and you could live your whole life off the returns from your investments without ever actually working, you are part of the capitalist class.
That can’t be true. I’ve done the math on my living expenses and it would only take a few years of saving in a high interest account for me to be considered a capitalist under that definition. if social mobility was truly that easy no sane person would be against capitalism.
'Ownership of things DOES get distributed…"
Uhhhh, no? Are you dumb? Owning stock in a company is far, FAR removed from owning any part of a company’s assets.
Ok, so are we talking about assets or capital?
You do not get any access to the company’s resources. There is no dollar sitting in company coffers for your dollar of investment. You don’t get to decide what that money does what so evwr, and its value is speculative on the performance.
That is far, far, far removed from owning or controlling any part of a company’s capital.
I’ve been part of multiple board elections where the little people have deciding votes because a 3rd party institutional investor needs to rally the retail investors to oust the current board for environmental
crimesreasons.Having a vote is having control of capital … and they pay you for it with dividends too.
Capital is not money, capital can be represented by money but it is not inherently money. Capital is something you use to buy someone’s labor. More specifically it is the social relationship between wage labor and profit. Assets (private property) used to produce profit (surplus value) are capital