That’s not capital, that’s just things. Capital is material wealth that gives you bargaining power on a larger scale. You don’t have that bargaining power just because you “own” a car or a house. In most cases, the bank essentially owns those things, and lease them to you for the interest rate it charges.
The worker has zero risk. If times get bad, they can go get another job.
If you think that’s true, you haven’t been paying attention to the job market at all.
The company I work at could go bankrupt tomorrow and I would be fine.
And ninety-nine times out of a hundred, the shareholders and owners will be fine as well. They’ll have insurance, or backup plans. Or they’ll foist all the debt onto the workers. The only time they’d truly feel it, is if they’d make monumentally stupid financial decisions.
That is what capital is. You may not like the definition but it is how the word is used. I own my three homes. I still have mortgages but I can use them as capital to start a business.
I am very aware of the job market. I have several positions pursuing me heavily now. The job market is always good for those with skills in demand.
Now sure you understand a BK. The shareholders lose all their money. Insurance doesn’t cover that. I am not sure you understand how money works well because you don’t understand capital and you don’t realize the average American is a shareholder. What do you think a 401k is? It is buying stock, bonds, etc which would make you a shareholder.
That’s not capital, that’s just things. Capital is material wealth that gives you bargaining power on a larger scale. You don’t have that bargaining power just because you “own” a car or a house. In most cases, the bank essentially owns those things, and lease them to you for the interest rate it charges.
If you think that’s true, you haven’t been paying attention to the job market at all.
And ninety-nine times out of a hundred, the shareholders and owners will be fine as well. They’ll have insurance, or backup plans. Or they’ll foist all the debt onto the workers. The only time they’d truly feel it, is if they’d make monumentally stupid financial decisions.
That is what capital is. You may not like the definition but it is how the word is used. I own my three homes. I still have mortgages but I can use them as capital to start a business.
I am very aware of the job market. I have several positions pursuing me heavily now. The job market is always good for those with skills in demand.
Now sure you understand a BK. The shareholders lose all their money. Insurance doesn’t cover that. I am not sure you understand how money works well because you don’t understand capital and you don’t realize the average American is a shareholder. What do you think a 401k is? It is buying stock, bonds, etc which would make you a shareholder.