Monday, September 5, 2016

Capital Day

"I work hard all day, too, and what do I get? A lot of yak from you. You at least get out everyday, see things, talk to people. I never get out of this cave."
--Wilma Flintstone (The Flintstones)

Nice reminder that labor alone is not sufficient to advance prosperity. People working with their hands alone are destined to live their lives in Bedrock.

Rather, it is capital, i.e., production that has not been consumed or 'savings,' that creates the tools that advance productivity toward Orbit City.

As the author notes, a 'Capital Day' might go a long way to stir awareness in what seems like an ignored axiom.

Unfortunately, this ignorance foster the opposite of capital creation: capital consumption. Plus its direct consequence: declining productivity.

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