>From: Michael Rigby-Jones <Michael.Rigby-Jones@BOOKHAM.COM>
>
> >>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.
>
> >From: Colin Constant [mailto:colinpiclist@HOTMAIL.COM]
> >
> >This argument shows a fundamental misunderstanding of the
> >meaning and basis of capital.
> >
>
>From www.dictionary.com:
>Capital:
>1)Wealth in the form of money or property, used or accumulated in a
>business
>by a person, partnership, or corporation.
>2)Material wealth used or available for use in the production of more
>wealth.
>3)Human resources considered in terms of their contributions to an economy:
>' [The] swift unveiling of his... plans provoked a flight of human capital'
>(George F. Will).
>
>The original argument shows no fundamental misunderstanding according to
>this.  Care to explain your point?

I think it does. "Health, enjoyment of life", etc. are not included in the
above definition or, indeed, in any reasonable definition of capital.

You can say that capital includes anything a person values, but that's just
talking nonsense.

Colin

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