Comments on: The real makers and takers are not those that you think https://blog.p2pfoundation.net/the-real-makers-and-takers-are-not-those-that-you-think/2014/07/18 Researching, documenting and promoting peer to peer practices Fri, 18 Jul 2014 22:22:27 +0000 hourly 1 https://wordpress.org/?v=5.5.15 By: Dave Wetzel https://blog.p2pfoundation.net/the-real-makers-and-takers-are-not-those-that-you-think/2014/07/18/comment-page-1#comment-812175 Fri, 18 Jul 2014 22:22:27 +0000 http://blog.p2pfoundation.net/?p=40193#comment-812175 I like this article except for the use of the expression “human capital”. The classical view of the three factors of production is Labour, Capital and Land. Capital is wealth created by humans applying their mental and physical labour to land and natural resources to create machines, tools, vehicles etc which are used to create more wealth or to create wealth more efficiently. How can “human capital” exist? Are humans now machines or tools? It may be how the rich see us – after all workers supply all the needs of the rich but in economics it can only have been introduced to add to confusion.

Ironically, on the subject matter of the article – my wife, Heather Wetzel has just written a pamphlet on the same subject “Welfare for the Rich – Who really receives the biggest subsidies in the UK?” see http://www.labourland.org/downloads/papers/Welfare_for_the_rich.pdf

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