Accumulation: Difference between revisions
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==Related LP Terms== | ==Related LP Terms== | ||
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==Non-LP Related Terms== | ==Non-LP Related Terms== | ||
Revision as of 21:32, 20 December 2022
Accumulation
As noted in Rocket Scientists' Guide to Money and the economy,[1] 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.
Syncretic Terms
Related LP Terms
Non-LP Related Terms
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.
- ↑ Sosteric. Rocket Scientists’ Guide to Money and the Economy: Accumulation and Debt. St Albert, Alberta: Lightning Path Press., 2016. https://amzn.to/2WR8Guy.