this post was submitted on 06 Oct 2023

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UBI Cash Payments Reduced Homelessness, Increased Employment in Denver (www.businessinsider.com)

submitted 1 year ago by zephyreks@lemmy.ml to c/worldnews@lemmy.ml

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[–] OurToothbrush@lemmy.ml 12 points 1 year ago (1 children)

Are you saying that 80 percent of society owns the means of production?

[–] elouboub@kbin.social -3 points 1 year ago (1 children)

Capital != means of production

[–] OurToothbrush@lemmy.ml -4 points 1 year ago (1 children)

It literally does, according to the person who coined the term and socialist political economic theory up to the present.

Have you read any marx? Any marx whatsoever?

[–] elouboub@kbin.social 1 points 1 year ago (1 children)

Capital was coined by Marx? Say what?

First recorded in 1175–1225; Middle English; (adjective) from Anglo-French or directly from Latin capitālis “of the head” (capit-, stem of caput “head” + -ālis adjective suffix; see -al1); (noun) from Medieval Latin capitāle “wealth,” noun use of neuter of the adjective capitālis

https://www.dictionary.com/browse/capital

[–] OurToothbrush@lemmy.ml -4 points 1 year ago

Sorry. You're right. Allow me to clarify. "Who used the term in political economics"