Accumulated Capital of Centuries Going Up In Smoke

In the ancient world before civilization, life was hard. People endured long days of toil, to produce a meager subsistence. Today we don’t work so much, though we have abundance the ancients could not imagine. What is it that allows us to be so much more productive?

We have capital.

Think of capital as something that adds leverage to human effort. No one is strong enough to lift a truck. However, anyone can pump the lever on a hydraulic jack and raise it up. The jack multiplies your strength, letting you do more work with less effort. The jack is a form of capital. The concept is much broader than merely a mechanical device. It applies to production too.

Accumulated Capital of Centuries Going Up In Smoke Inferno

Accumulated Capital of Centuries Going Up In Smoke Inferno

Think about life with no capital whatsoever, on a desert island. You hike up a steep volcano to drink from a rainwater pool. You climb palm trees to pick coconuts and catch fish with your hands. You gather wood and build a fire on the beach to roast your fish. You collapse in exhaustion, only to do it again tomorrow.

More here: http://www.forbes.com/sites/keithweiner/2014/08/25/accumulated-capital-of-centuries-going-up-in-smoke/

Quote :: on a desert island

Which way is it...

Accumulated Capital of Centuries Going Up In Smoke Tramp-Charlie-Chaplin

Accumulated Capital of Centuries Going Up In Smoke

Accumulated Capital of Centuries Going Up In Smoke

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