Those did not prevail then, the putting out system did. And capital will not become superfluous, although it is quite possible that its cost will fall and it will become more widely accessible if it becomes easier to make operating equipment. Even so, working capital is likely to stay at similar prices relative to operators’ other costs (like wages paid to themselves); traditionally, funding the working capital cycle was banks’ core business activity, and it is likely to remain so – and thus captive to them – unless there are changes in that area too.
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