Re:Why Dumb Ideas Capture Smart and Successful People
by imtringued on Sunday November 19, 2023 @08:10AM
(#38332335)
Playing into the articles points to gain higher status among "capitalists"?
Here is an easy one. Excess capital doesn't earn enough money to compensate for losses relating to depreciation, storage and maintenance costs i.e. the expectation is that capital income disappears in the long run. All further investment turns into consumption instead. That is kind of at odds with what people consider "capitalism" where the marginal productivity of capital is considered constant.
Here is an easy one. Excess capital doesn't earn enough money to compensate for losses relating to depreciation, storage and maintenance costs i.e. the expectation is that capital income disappears in the long run. All further investment turns into consumption instead. That is kind of at odds with what people consider "capitalism" where the marginal productivity of capital is considered constant.