this post was submitted on 03 Nov 2023
362 points (90.8% liked)
Memes
45655 readers
2440 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Maybe we should start with what you mean by capital
Given the context of the meme being a picture of Karl Marx, I was using the Marxist definition of capital. Marxists.org provides a pretty digestible definition: https://www.marxists.org/glossary/terms/c/a.htm
Ok good. So capital is required for capex and opex.
As you start with 0 sales you need to get capital from investors to fund you until sales >1
Yes, that is how it works under capitalism.
Under socialism however, the state funds labor based on needs and/or desires for the output of that labor (the commodity). In this case, the money isn't used for the goal of making more money, therefore, this isn't capital at all. And yet, the labor happens and the commodity created. Therefore, the production is independent of the capital.