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Definitions of capital

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eliotn posted on Mon, Jun 8 2009 7:10 PM

https://www.blogger.com/comment.g?blogID=36028082&postID=6779995346649223246

Near the end, we focus on capital theory.

Am I right that a vaccum cleaner is capital?  Is there a grain of truth in what the socialists claim about capital?

Schools are labour camps.

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The vacuum cleaner is a capital good.

What do socialists claim?

You have to keep in mind, you're arguing with ideologues who talk about the manifesto, but probably don't know the difference between the ltv and the stv.

"When you're young you worry about people stealing your ideas, when you're old you worry that they won't." - David Friedman
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https://www.blogger.com/comment.g?blogID=36028082&postID=6779995346649223246

Near the end, we focus on capital theory.

Am I right that a vaccum cleaner is capital?  Is there a grain of truth in what the socialists claim about capital?

Yes. Capital is any good used in the production of another good. Be it another capital good, or consumer good.

liberty student:

The vaccuum cleaner is a capital good.

What do socialists claim?

I take it that by "capital" and "means of production" they mean factories and land. You know, the exploitative things.

 

Austrians do it a priori

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liberty student:
What do socialists claim?

The caste between worker and capitalist.

That socialism and nonviolence are non-contradictiory. (I am assuming that the everyone agrees senario won't happen.)

That the Communist Manifesto was remarkable.  (I agree to this for different reasons.)

Capitalism is inherantly coercive.

A person who is starving to death, who can't do anything to prevent it, is inherantly being coerced.

They are not capitalists, even when they own capital goods, and use them to type rebuttals.

Workers vs. Capitalists automatically occurs.

 

Not to poison the well, but these were things I heard from individuals

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Well how could any of that be right?

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liberty student:
Well how could any of that be right?

I don't know.  It could be wrong.  This is like an act of faith, seriously.

 

Schools are labour camps.

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Well someone can handle the Labor theory of value, I just knocked out Historical materialism (ie Class struggle). I could more onto metaphysical alienation (Division of Labour/ Individual consciousness) 

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DD5 replied on Mon, Jun 8 2009 8:00 PM

 

Anybody who has some savings in a bank, stocks, 401K, etc... is a Capitalist.

If he wants big shots, here are the top 10 Capitalists in the world.  Bill Gates is still #1.  Ask him if he thinks Bill Gates is the #1 exploiter?

 

 

THE BILLIONAIRES
  1. William Gates III
  2. Warren Buffett
  3. Carlos Slim Helú
  4. Lawrence Ellison
  5. Ingvar Kamprad
  6. Karl Albrecht
  7. Mukesh Ambani
  8. Lakshmi Mittal
  9. Theo Albrecht
  10. Amancio Ortega
  11. Jim Walton
  12. Alice Walton
  13. Christy Walton
  14. S Robson Walton
  15. Bernard Arnault
  16. Li Ka-shing
  17. Michael Bloomberg
  18. Stefan Persson
  19. Charles Koch
  20. David Koch
  21. View The Complete List

 

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DD5:

Anybody who has some savings in a bank, stocks, 401K, etc... is a Capitalist.

According to Marxists, Capitalists are those who survive solely on surplus profit from 'exploitation'.

 

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Chodorov used to love arguing with socialists.  But I don't think it is very productive myself.  These people are lala land dreamers, and basically no threat to anything because people with anti-capitalist sentiments are not going to be effective organizers or promoters.

I suppose it is good for sharpening your wits and arguments.

You should call them out on using capitalist Google infrastructure for their socialism.  Find out if they have credit cards, and willingly submitted to exploitation from Mastercard and Visa.

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liberty student:
You should call them out on using capitalist Google infrastructure for their socialism.  Find out if they have credit cards, and willingly submitted to exploitation from Mastercard and Visa.

Why bother. They will only claim they are being coerced.

Austrians do it a priori

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Laughing Man:

DD5:

Anybody who has some savings in a bank, stocks, 401K, etc... is a Capitalist.

According to Marxists, Capitalists are those who survive solely on surplus profit from 'exploitation'.

 

Those would be more accurately described as 'monopolists'.

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Stranger:
Those would be more accurately described as 'monopolists'.

According to Marxist theory, capitalism leads to monopoly.

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Yet, socialism is monopolistic by definition.

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

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One of their lovely contradictions. For some bizzaro reason [or lack of] they believe that public monopolies are somehow just and private monopolies unjust. It is almost utilitarian in a way.

'Men do not change, they unmask themselves' - Germaine de Stael

 

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