The trouble with capitalism is that it tends to lump together "capital" with rental opportunities and create an aristocracy of wealth and power that has the ability to take the first cut on production and starve labor. This can't be good for anyone. Not all capital is the same, and when capitalists are disinvesting from actual production that increases inequality and eventually collapses the economy.
- All Capital is not equal
- Much of what is labeled capital is not "actual capital" but rental wealth.
- Much capital results from converting public goods to club goods.
- Or from converting common goods to private goods.
- Who owns and controls capital matters.