BoatBanter.com - View Single Post

Boating All Out

In article ,
says...

On Mon, 1 Apr 2013 22:13:52 -0500, Boating All Out
wrote:

In article ,
says...

"Labor is prior to, and independent of, capital. Capital is only the
fruit of labor, and could never have existed if labor had not first
existed. Labor is the superior of capital and deserves much the higher
consideration."

That's all correct. Abraham Lincoln wrote that. I looked it up.
It's obvious, but sometimes you have to say it to knock assholes off of
high horses.
You can start a business with just labor, no capital.
Knock on doors after a snowstorm. "Let me use your shovel, pay me 20
bucks and I'll clear your sidewalks and driveway." Grow from there.
It's your labor that has generated capital.

How did you get the shovel?

That is the capital of this tiny little business.

You can call the borrowed shovel capital if you like, and the shoes worn
while shoveling capital. They're needed too. But that's laughable,
since labor produced both. And their value pales in comparison to the
labor used to do the shoveling.
I suppose if I used completely tool less labor as an example - like dog-
walking or house sitting - you'd claim the shoes, pants and shirt were
needed capital. Maybe socks too.
Everything starts with labor, even getting out of bed, and deciding what
pair of shoes to put on. Truck driver or Wall Street broker.
How your labor is compensated by increased capital is another matter.
Can't get around it, no matter what steps you use.
I know many here get their panties in a wad when they hear the word
"labor." Well, gee, that's just too bad.