Comment by ericmay
20 hours ago
Capital is not the means of production. Capital is capital. If I have a few million dollars in my bank account I don’t all of a sudden have a factory. Remember from economics class you need capital, labor, and the means of production.
Capital inflows are different from manufacturing outflows. The US has historically imported capital which is part of why we have such a large trade imbalance. I’d encourage you to do some more digging here.
> The world where we could compete is gone.
Sigh no that’s just not true at all. We compete hard and fast all day everyday, economy is growing and will continue to do so, and no amount of leftist doomer, Chinese, Iranian, or Russian propaganda changes those facts.
> I have a few million dollars in my bank account I don’t all of a sudden have a factory.
No but money only has value because of a product of the human labor and production capacity it refers to. Money is not capital, it is a reference to/legal coercion of capital
> We compete hard and fast all day everyday
Sir have you ever been to the us? Lmao. We are only competitive in the industry of white collar work (financial/artisanal services), an industry that capital is actively gutting
> No but money only has value because of a product of the human labor and production capacity it refers to. Money is not capital, it is a reference to/legal coercion of capital
These are just strings of words without meaning or importance.
> Sir have you ever been to the us? Lmao. We are only competitive in the industry of white collar work (financial/artisanal services), an industry that capital is actively gutting
Yes, I live here. Why are you posting obviously untrue and asinine statements like this? Go look at the Fortune 500. There ya go. What other evidence do you need? And not only are you writing dumb things here, your original post was wrong too! Please get off of social media or whatever doomscrolling news you are partaking in because it is bad for your health and perception of reality. The United States by any measure, as a matter of indisputable fact, a highly competitive and dynamic economy across pretty much all sectors. This is not up for debate.