| Re: Scarcity - and how capitalism solves it |
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Group: alt.philosophy · Group Profile
Author: Daniel T.Daniel T. Date: Sep 7, 2008 08:39
Publius nospam.comcast.net> wrote:
> "Daniel T." earthlink.net> wrote:
>> Publius nospam.comcast.net> wrote:
>>
>>> A capitalist in the second sense provides the financing which
>>> allow the farmers to buy seed, machinery, and fertilizers, the
>>> carpenter to buy tools, vehicles, lumber, and other supplies,
>>> and the carpenter to buy an inventory of fabrics and sewing
>>> machines.
>>
>> Where does he get that capital from initially?
>
> That is actually a worthwhile question, given that the preposterous
> Marxist "exploitation theory" has gained so much currency
> (everybody wants a free lunch, and needs some rationale to justify
> it).
>
> Original capital is accumulated from retained earnings. A violin
> maker who produces quality instruments, in great demand, can get a
> good price for his violins --- enough that he is able to buy a new
> planer and perhaps hire a helper.
You haven't answered the question, you mearly moved the goalposts. Now
where does *he* get *his* capital from initially? Spicifically, the
materials and time for making those first violins? The materials and
time he needs to learn his craft? Where does that come from?
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