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this post was submitted on 01 Apr 2024
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Machines, buildings, and tools are themselves products of natural resources and labor.
This is true, as the constituent parts of the instruments are the act of labor forming natural resources into the instruments.
But this isn't necessarily relevant to the processes of production. The role of the instruments is to assist labor into effectively and efficiently creating the product. They are enabling and organizing labor. This is capital.
We should never forget that all forms of capital are created through accreted layers of labor. But in terms of value creation, the must be seen as capital because the instruments serve a productive process resulting in a product that is valued by society. As such, capital is in conversation with society.
To highlight the above, I'll create an egregious example. We could argue that all labor is essential natural resources as all bodies are just made of matter anyways. But labor is directed through the needs of the laborer and society. Through a mixture of consciousness, intention, and creativity, that labor creates something of value for themselves and others.
Capital, in my understanding, is akin to this in the productive process.