Accumulation: Difference between revisions
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As noted in Rocket Scientists' Guide to Money and the economy, '''Accumulation''' is the practice of accumulating labor power in the form of [[money]]. Accumulation is the process of gathering and storing [[money]] in any of its various forms. | As noted in Rocket Scientists' Guide to Money and the economy, '''Accumulation''' is the practice of accumulating labor power in the form of [[money]]. Accumulation is the process of gathering and storing [[money]] in any of its various forms. | ||
==Notes== | |||
In a [[Barter]] economy, practical limits on the ability to accumulate prevent problems from emerging. In a fully [[Monetized economy|monetized economy]], the ability to accumulate abstracted labor (i.e. [[money]]) allows for the development of many deadly social, economic, spiritual, and political pathologies which can only be cured by erasing debt and limiting accumulation (Sharp, 2009). | In a [[Barter]] economy, practical limits on the ability to accumulate prevent problems from emerging. In a fully [[Monetized economy|monetized economy]], the ability to accumulate abstracted labor (i.e. [[money]]) allows for the development of many deadly social, economic, spiritual, and political pathologies which can only be cured by erasing debt and limiting accumulation (Sharp, 2009). | ||
Revision as of 20:14, 19 November 2018
As noted in Rocket Scientists' Guide to Money and the economy, Accumulation is the practice of accumulating labor power in the form of money. Accumulation is the process of gathering and storing money in any of its various forms.
Notes
In a Barter economy, practical limits on the ability to accumulate prevent problems from emerging. In a fully monetized economy, the ability to accumulate abstracted labor (i.e. money) allows for the development of many deadly social, economic, spiritual, and political pathologies which can only be cured by erasing debt and limiting accumulation (Sharp, 2009).
See Also
- → Labour | Work | Labour Time
- → Barter | Money (Labour Value of Money / Labour-Exchange Value of Money)
- → Accumulation | Power | Debt | Global Crises
- → Social Class | The Baker's Story
Further Reading
Sosteric, Mike (RSGME). The Rocket Scientists' Guide to Money and the Economy. Lightning Path Press. More Info
