Accumulation: Difference between revisions
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Revision as of 17:39, 8 January 2023
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.
Citation and Legal
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Footnotes
- ↑ Sosteric. Rocket Scientists’ Guide to Money and the Economy: Accumulation and Debt. St Albert, Alberta: Lightning Path Press., 2016. https://amzn.to/2WR8Guy.