RE: The End of Capitalism and Communism. And Good Riddance
Capital is wealth used to create additional wealth. Anyone can buy or sell capital; it is not hereditary like estates and titles of nobility. A person who owns capital and uses it to produce more wealth is a capitalist. The problem with discussing capitalism as a single system is that it comes in so many variations that you inevitable create a caricature based on a handful of good or bad actors. The most predatory and exploitative capitalists are invariably protected by some form of government granted privilege, monopoly or cartel that limits or excludes the one thing that keeps capitalists honest. They have lobbyists and credentialed "experts" on their payroll to convince politicians to do their biding and convince the public that their product isn't harming them although they usually keep the latter at arms length through intermediate trade organizations and NGOs. The most dishonest and predatory capitalists have a legal obligation to maximize shareholder profits and are party to WEF's the bait and switch 'stakeholder capitalism' subversion of public institutions to corporate interests.
Capital is wealth… sorta.
Capital is things you use in manufacturing. (those aren't the correct words)
Wealth is… there is no real definition of wealth.
the closest thing to it now would be bitcoin.
Wealth, is similar to money, in that you can use it to move world, to exchange for other things you need.
And this time of using money to make more money is very strange. And only exists because of "corporations", things you can buy and sell that represent companies that actually make things. (and enhanced by money printing)
It used to be that you had to raise capital, to start a company, to make things, to sell, to make money. Now, that is all taken care of by banks who make the money out of thin air, and you can buy almost everything with that.
And yes, the 4th branch of govern-cement is owned, and we have no watch dogs watching out for us. And so we get monopolies, govern-cement sanction monopolies.
Capital is wealth… sorta. Capital is things you use in manufacturing. (those aren't the correct words) Wealth is… there is no real definition of wealth.
Wealth and capital exists outside of manufacturing. There is actually more wealth to be made in distribution and resale in the U.S. than manufacturing. Whether something is wealth or not really depends on your intentions. If I have a dozen boxes of ice cream sandwiches and plan to eat them they aren't wealth. If I have a dozen boxes of ice cream sandwiches and plan to sell them individually I have wealth. Whether I made them myself is irrelevant.
And this time of using money to make more money is very strange. And only exists because of "corporations", things you can buy and sell that represent companies that actually make things. (and enhanced by money printing)
And here I'd say some of the things we call wealth today like intellectual property such as patents, trade marks, and copy rights, monopolies like freehold titles over sections of the earth and the legal fictions we call corporations that act as owners of these things fall into the category of legal privileges and monopolies that the state created. The fiat money that the fed lends into existence to the banks at the lowest rates would fall into this category too. The fact that wall street banksters get new money first at the lowest prices is part of how that system is designed to work.
See!!??
This is what happens when you turn money into debt based fiat currency. It changes the definitions of everything.
In a real, face to face conversation with an entrepreneur, i wouldn't even bring up the nuances of these words. They are all wrong, inverted, turned inside out, so i just accept it all as "making money" (which is a completely wrong use of those words)
It is amazing how many things the govern-cement allows to happen, well, was designed to "let" happen, that is to suck the wealth from the people.