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 2 years ago by zephyreks@lemmy.ml to c/worldnews@lemmy.ml

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[–] OurToothbrush@lemmy.ml 12 points 2 years ago (1 children)

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

[–] elouboub@kbin.social -3 points 2 years ago (1 children)

Capital != means of production

[–] OurToothbrush@lemmy.ml -4 points 2 years 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 2 years 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 2 years ago

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