Accumulation

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.

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

Economy

→ Labour | Work | Labour Time

→ Barter | Money (Labour Value of Money / Labour-Exchange Value of Money)

→ Official Economy | Informal Economy | Underground Economy | Monetized Economy

→ 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