Economy for Kids by Matthieu Giroux - HTML preview

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What is Capital?


Wednesday, January 4, 2017


Capital allows us to create wealth. Indeed money, allowing to acquire quickly goods, allows creating wealth. So for the farmer, according to Henry Charles Carey, capital is money and Earth. For the industrialist, capital is money and materials to transform.


Thus the capital changes for each job. For services, capital can be money and humans, which can be dangerous. Services can be politically lead so that their capital is money and industries. Industries must be protected so that industries can really benefit from services.

 

Our capital is earth on 2014 

 

The mankind capital is therefore the Earth. It is not money, which is made from paper, unless there are some in banks. China wants to get Moon capital, to get Helium 3, for fusion, to get unlimited energy.

My Notes


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