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Capital, not Wealth

by Jason W. Moore

28 November 2000 03:53 UTC


Dear WSN,
Richard K. Moore argues that capitalism "comes down to _wealth
accumulation_ and the
_growth imperative_.  There have always been people who
tried to amass wealth, but with capitalism you get
wealth-accumulation as a primary driver of economic affairs."
    I suggest that Mr. Moore (no relation) return to Marx. Capitalism is
defeind by the endless accumulation of _capital_, not wealth. Capital is
a historical social relation. It is not the same as "wealth."
    Sincerely, Jason

Jason W. Moore
Sociology, Johns Hopkins




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