> Capitalists generate capital
Why of course they do! When I buy shares in a company, it's me that's generating all the capital, not those idle workers who just sit around making things!
Why of course they do! When I buy shares in a company, it's me that's generating all the capital, not those idle workers who just sit around making things!
This effect is the ultimate outcome of a long chain of reactions that originates with the exchange of your money for the seller's stock. If you had spent your surplus income buying consumer goods instead of the stock, that chain of reactions—and the outcome of new capital they produce—wouldn't have happened.