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Being financially stable enough to survive comfortably on a part-time job & having enough leisure time to do anything well isn’t capital intensive?
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I’m beginning to think lack of capital is not really a factor stopping people from doing the things they feel they were meant to. Most people don’t have capital-intensive imaginations. If you give most people a lump sum the best idea they’d likely come up with is buying a house.
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Not to mention the sneering attitude towards buying a house. Heck yes I’d buy a house! Doing that would eliminate my single largest monthly expense.
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Most who manage to get to the top still have weak capital-intensive imaginations. Basic survival is best addressed by income, not capitalization. It’s opex not capex. Student loans are the exception. There’s a word for turning survival problems into capital investments...
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I think you are letting your politics make your economics unnecessarily murky. It’s fine if you want to score political points, but that’s not a helpful way to think of capital and investment at Econ 101 level.
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