Re:Finance is Not the Economy
by nstj on Sunday September 25, 2016 @08:18PM
(#12578265)
That sounds like your opinion, so I can't say that it's "wrong", but according to the dictionary "capital" is defined as follows[0]:
> wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Capital is just wealth in some form which is available for investing. You don't have to ascribe a dollar value to tree trunks to say they could be used to build houses. That's capital.
> wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Capital is just wealth in some form which is available for investing. You don't have to ascribe a dollar value to tree trunks to say they could be used to build houses. That's capital.
[0]: https://www.google.com/webhp?sourceid=chrome-instant&ion=1&e...