Sorry if it wasn’t clear, but money != Capital, not necessarily. You can have money to exchange for goods, but as long as your money doesn’t auto-accumulate via interest, dividends etc, you don’t necessarily have capital. Of course this is mainly a discussion on definitions then
No, the truck is his capital. That’s his means of production — presumably, not just of free pizzas in exchange for moving furniture, but even then, every dollar he saves by not having to pay for dinner could go towards paying off his car loan.
On top of that he’s saving on taxes because no money was ever exchanged for this transaction. Everything about this scenario is 100% capitalist.
divingdonkey@sh.itjust.works 1 week ago
Sorry if it wasn’t clear, but money != Capital, not necessarily. You can have money to exchange for goods, but as long as your money doesn’t auto-accumulate via interest, dividends etc, you don’t necessarily have capital. Of course this is mainly a discussion on definitions then
MacNCheezus@lemmy.today 1 week ago
No, the truck is his capital. That’s his means of production — presumably, not just of free pizzas in exchange for moving furniture, but even then, every dollar he saves by not having to pay for dinner could go towards paying off his car loan.
On top of that he’s saving on taxes because no money was ever exchanged for this transaction. Everything about this scenario is 100% capitalist.