this post was submitted on 29 Feb 2024
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Lemmy Shitpost

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[–] [email protected] 9 points 8 months ago

Idk what definition of capital you used to determine this but I will be using the Marxist on because capital is a Marxist term.

Capital is private property used to create surplus value usually involving the purchase of wage labor. It can be the money a capitalist uses to pay their employees, the land their workers use to produce surplus value for them, and/or the machinary required for their workers to produce surplus value as a few examples. Buying stocks does not mean you own the means of production in any significant way. You may have stake in how those means of production are use but you do not control them and you do not use them to produce surplus value nor do you purchase wage labor, you only profit off someone who does.

Furthermore your personal possessions like your car are not capital.

If you sell your labor to someone who possesses the means of production you are proletariat