> >This argument shows a fundamental misunderstanding of the meaning and basis
> >of capitalism.
> >
> >Capitalism is about the right of each individual to control their own
> >capital. Capital is far more than money. (Money is of course just a "place
> >holder" to represent capital). Capital can include financial assets (or
> >things that money can buy), health, enjoyment of life and more.
>
> This argument shows a fundamental misunderstanding of the meaning and basis
> of capital.
>
> Colin

This is pretty much how I've heard it defined. Usually "looking at sunsets"
was not defined as an asset, but how different is that from a vacation
somewhere?

Capital doesn't have to be tangible; it just needs to have value.

*Usually* people talk about tangible assets, but nothing in the definition
of capital requires it to be tangible.
--
D. Jay Newman           !
jay@sprucegrove.com     ! Xander: Giles, don't make cave-slayer unhappy.
http://enerd.ws/robots/ !

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