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Showing posts from December, 2017

The Age Warfare Era Has Officially Begun

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Economics has always assumed that Capital (K) and Labor (L) are complementary factors of production (Y). Look how pretty and sophisticated this economic abstraction looks Meaning, roughly, that you can't produce something with K if you don't have a bunch of people (L) pulling K's levers and buttons. Alas. As is the case with many things economists have cooked up in their simplistic, impossibly abstract assumptions, this is not even close to reality. K and L are fundamentally different. L is human; K isn't. K might be owned by a human (the Capitalist), but K does not function the same way as L does. K doesn't go to restaurants. K doesn't buy gifts for its family on Christmas. Any income K receives, it recycles it back into itself, compounding its power; into reinvestment, and away from restaurant dinners and Christmas shopping for the family because, well, K doesn't have a family. There used to be a time in the past when K and L formed a succe