4 ms·
>If I story $5mm under my mattress, I have wealth without generating income. This isn’t true. The $5mm is merely representational. The social dynamics that mai
by selrumingo 7y ago
>If I story $5mm under my mattress, I have wealth without generating income.
This isn’t true. The $5mm is merely representational. The social dynamics that maintain it’s exchange value, i.e. security, is circumstantial. The security is exercised by way of capital.
>personal property is almost by definition a form of wealth which does not produce income/accumulate value.
This is ahistorical. In a capitalist society, personal property is a means to produce value all the same. Capitalism comprises relational circumstances that deem your toothbrush, comb, computer, school supplies, and your quiet home all as means to produce value.