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Politics : View from the Center and Left
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To: TigerPaw who wrote (10763)2/3/2006 12:35:23 PM
From: TimF  Read Replies (1) of 541778
 
The work involved in "sweat equity" is not capital.

The term is often used in situations where people are given capital in exchange for work. I have no problem with such situations as long as they are voluntary. But the existence of such situations, or even a wide spread mandate for the imposition of this concept, still wouldn't make the labor the same as capital. It would only mandate the trade of capital for labor. I can trade gold for silver. I can trade silver for stocks. I can trade stocks for cash. I can trade cash for food. That doesn't mean that gold is food, or that any of these things are the same as any of the other things. This fact would not change even if the trades where mandated, or if people started calling them by the same name.

Tim
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