Comment on Liberal Ideology by James-Galt
Capitalism: 1.Money -> 2.Goods -> 3.more Money
NOT Capitalism: 1.Goods -> 2.Money
The name is CAPITALism. It is making capital+ from capital, and it can be done in 3 ways:
1. Buy stuff, sell it at a higher price, or rent it.
2. Lend money, demand interest.
3. Buy tools of production, rent it for workers.
Making a movie and selling it doesn't make the cut to be a capitalist. Havin' said that however, I do believe he invested his money in some stocks... uhm...
NOT Capitalism: 1.Goods -> 2.Money
The name is CAPITALism. It is making capital+ from capital, and it can be done in 3 ways:
1. Buy stuff, sell it at a higher price, or rent it.
2. Lend money, demand interest.
3. Buy tools of production, rent it for workers.
Making a movie and selling it doesn't make the cut to be a capitalist. Havin' said that however, I do believe he invested his money in some stocks... uhm...