| Monday, September 23, 2002 | 2002-09-24 00:32 1 comment |
 by Flemming FunchCapitalism is born when the pattern instead is M-C-M. That is, you've got some money, you invest it in some stuff, and you sell it again, getting back more money than you started with. Money is transformed into capital the moment you buy goods or services, not because you really need or want them, but because you're planning on making a profit from them. So, capitalists are people who look at the world that way, looking for opportunities to get more back than they give out. Obviously a market of buyers and sellers will help a capitalist operate. But it is just as obvious that a free market is not what is required. On the contrary, to do really well, you'd want to have an advantage that nobody else has, and you'd do better if somebody can skew the rules in your favor. Best of all is a monopoly on something that everybody has to have. John graciously came and talked about a new civilization at the opening of a community center we had in Venice, California a few years ago. I gotta put up the video at some point. He's one of my favorite people. "If only one person knows the truth, it is still the truth" -- Gandhi |