Sunday, September 21, 2008

Capitalism

Capitalism is a word coined by Schweickart. ``Capitalism´´ as the private ownership of means of production, as opposed to government ownership of those means of production in the name of the ``collective´´. Capitalism, as a phenomenon, is life itself. Those who fight Capitalism, the phenomenon, are actually seeking to destroy life itself. What is capital? Capital is any resource that has to be reserved in advance, so that production may take place that will only bear fruits later. It includes any tools and machinery, but also the resources needed to sustain the lives of the workers until production is successful. If capital is to be understood in a broader sense, as any material thing that one may possess, that will enable future production, then first capitalist was the first animal to keep food for next year, or even for next day. If we are to understand capital as productive material machinery, then the first capitalist man was the first tool owner, the first person to foresee the future utility of a tool and keep that solid stick or hard stone for a future use. The first capitalist was the first human. Human action is projection into the future. A capitalist is someone who looks into the future. A capitalist makes profit only in as much as he sees further than other people in the direction he's looking. Every consumer who buys goods ahead of consumption time is a capitalist. Every worker who has a savings plan, an insurance, a retirement plan, is a capitalist. Every student who studies now for his future career, every lover who courts a mate now for his future family, every parent who raises children for the future of his kin, is a capitalist.

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