• RNAi [he/him]
    hexagon
    ·
    edit-2
    7 days ago

    Wait a pile of gold isnt stricktly capital but just money, right?

    • loathsome dongeater@lemmygrad.ml
      ·
      7 days ago

      Money can be capital. For example if you take a loan against the gold bars and use that as investment to make more money. From The Long Twentieth Century:

      An agency is capitalist in virtue of the fact that its money is endowed with the “power of breeding” (Marx’s expression) systematically and persistently, regardless of the nature of the particular commodities and activities that are incidentally the medium at any given time.

      • RNAi [he/him]
        hexagon
        ·
        7 days ago

        Ok yes, that's money being used financially, alright