Marxism Unmasked from Delusion to Destruction.pdf 7471KB

6th lecture
The Making of
Modern Civilization:
Savings, Investment, and
Economic Calculation
Institutionaiivvi' used to ndiculr chc cUuKal ccononuiti became thc\
suncd with "C'ruujc cconomio" In the beginning 4 tnhernun goc the
idea that he could catch more fnh in one dxy than he needed and then he
could ha\-e voine leisure time to nunut'acture Inhing net* The*e nets and
saved hsh are "capiul gtKxh". I dim't call them "capital"
C'apital gtKKls arc the inter medute tacton betvkren the gnm lutural
factors of pnxluction and consumer goods Nacuir-gnm rrMMircet and
hunun labor are the gi\m rutural faciors But if ihey air to pioduce. thr\
must be guided The pn>duted. intermediar\ fa^ton of pn>ductKm—capital
gmnis—are not i>nlv UH^\^. ihe\ are alu» all other intermedurv' giKxk.
hait-fintshcd prvximts. and supphes i>f lomunter ^kxK whKh arc u*ed fi>r
the suppon of thine who are pnxiuctng sMth the aid ol capital goods I he
priHluction pnnexs vshith \%r are orgam/ing ar>d operating todj>' uarted in
the early ages t>f historv. in the rrnuHest ages i>f histors If the children used
up the nets and fi\h pr\>duicd b> their parents, capital acvumubtUMi %^\>uld
have had to start all *nrr again 1 here is a continu«>us pnigrrss fnmi umpler
conditions tt> nu>re refined conditions It is important to realiie this
because nsc must know that. tn>m the early beginnings on. the fim step
toward this system t>f pn>ducing with the aid t>l capital gooch was uving.
and has alwa\A been saving
1 I A Hh(H>l ot thou|chc thji tfrrMo (hr intfHwunir tW mkuI. hMlontjl. Mid nMilulionil
tjctors \suhin thr riommm rr^lm nthrt than inJn-kiujl Kunun «ct>o«i |
S