How can you preach the virtues of capitalism to people who don’t have any capital? It takes capital to be a capitalist. I totally understand why so many young people are saying “What the hell has global capitalism ever done for me?”

Oct 18, 2020 · 3:56 AM UTC

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Replying to @marwilliamson
no you misunderstand the reasons actually
Replying to @marwilliamson
Global Capitalism or Globalization, created an environment that allowed corporations to cross borders and exploit cheap labor and, at the same time, PREVENTED the workers from crossing borders to follow the jobs. It was done purposefully, by design and with complete disregard.
Replying to @marwilliamson
Capitalism is by definition the idea of getting money for exactly zero work. All you need is money to start with.
Replying to @marwilliamson
What about trickle down lol
Replying to @marwilliamson
Wrong question. "What have I done for myself?" is the important inquiry.
Replying to @marwilliamson
Your own labor is capital.
Replying to @marwilliamson
She tweets to people reading on their iPhones.
Replying to @marwilliamson @johncusack
Totally agree. Too many people have nothing just barely keeping heads above water. Things have to change.
Replying to @marwilliamson
Where do you think capital comes from? Descends to earth on moonbeams? Capital is another term for deferred consumption, denying yourself today so you can have more tomorrow (if that’s your bag). Those who have it deferred, or their ancestors did. Those who don't, didn't.
Replying to @marwilliamson
You build capital by working hard and not wasting it on things that have no true material value. You broke and working 40 hours a week you making a decision to be broke. 80 hours a week and saving for investment...thats capital
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