> I would just like to add that projects in people's portfolios are often not initially created to make money

We both can agree on this. But that's not how Emil looks at it, his entire point is that projects are better credentials than even degrees.

And since projects have higher value in portfolios, they will implicitly derive capital? One of the reasons why they have capitalistic value.

You and I can both agree, that projects and learning do have fun elements attached to them and might not necessarily be part of a larger goal. However, that's not what his views are!