Comments:
40 years later...
Capitalism: you lease some cows from a farmer. You work sunrise to sunset milking the cows, but you have to give all the milk to the farmer as rent. You die without ever owning a cow. The farmer buys a yacht.
Capitalism originates
With ownership!
You can save in Soviet Russia, but you can't do that much with it as you cannot own property or companies. The power of investment unlocked through ownership ownership is what powered the mighty productive capabilities of capitalist economies!
You can save in Soviet Russia, but you can't do that much with it as you cannot own property or companies. The power of investment unlocked through ownership ownership is what powered the mighty productive capabilities of capitalist economies!
Yup
Working for a living without owning is a losing game. At some point, you gotta own something if you want to really profit much.
This generally is an ok system as long as you're not in a poverty trap. Then... Well good luck.
This generally is an ok system as long as you're not in a poverty trap. Then... Well good luck.
Collectorism
You have 29 cows, some with newly serviced cowbells, yet all you can think about is the new Swiss cow you saw online with two bells and oddly-coloured horns.
You nailed this one, Michael, have a wonderful weekend, my friend, wishing you all the best, Tony
