147 comments on Osama Bin Lowrider: Its All the Same Culture
Comments can no longer be added to this story.
| Show without comments | PDF version
147 comments on Osama Bin Lowrider: Its All the Same Culture
Comments can no longer be added to this story.
| Show without comments | PDF version
User login
Contact
- campfire at theoildrum dot com
Personnel
Archives
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
The Oil Drum: Local archives
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
The Oil Drum: New York City archives
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
- December 2005
- November 2005
- October 2005
- September 2005
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
There are probably infinite ways to define capitalism, but I would contend that the simple charging of interest on loans is capitalism -- getting money for doing nothing except tying up capital. And interest goes back further than Christianity.
http://ezinearticles.com/?The-History-Of-Interest-Throughout-Time&id=160818
We are talking about ownership of the means of production, not interest.
Profit is extracted through surplus value on labor.
But, I agree, as long as interest is involved, economies need to expand to pay that interest off.
That has been arranged in numerous ways.
"Profit is extracted through surplus value on labor."
Which means the person(s) receiving the profit have selfishly kept it for themselves and not distributed it back to the labor which produced it, or they charged too much for it in the first place. Either way, it is disgraceful behavior.
Lovely campfire post, BTW. Totally agree with it, but there are too many humans now to go backwards, and most of the damage to the planet has been done.
Actually, it is about the people doing the labor keeping the profit, not having someone take it from them. If you participated in the organization and creativity of the process, you are also part of the labor process. If you just abstractly own the means of production through a financial instrument, you are extracting wealth.