this post was submitted on 14 Jul 2023
5 points (85.7% liked)
Communism101
1431 readers
1 users here now
This is a community for those who are new to or unfamiliar with communist, socialist or simply leftist philosophy. Ask basic questions here and learn about what we stand for!
Rules:
- Keep things SFW!
- Keep posts and comments civil.
- Don't attack someone for not knowing "enough" about communism or leftism.
- Civil discussion and debate is welcome, trolling and hate speech is not.
- No racism, sexism, homophobia, inciting crime/violence, etc.
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
Good points, but I thought that capital could be just having large sums of money and not necessarily equipment that workers use to produce goods? Would the amount of money the 5% own not be considered capital then?
Not really, because methods of production essentially create that money. For example what is more worthwhile? A machine that creates products worth 1 million dollars a year, or a million dollars cash? Obviously the machine as it allows a capitalist to essentially endlessly fill their pockets.
Capital trumps money every single time (money can also be used to purchase capital but itself is not capital). It can be used as investment as well, which acts as capital because it accumulates interest and return, turning it into productive capital. But money itself is not capital.