Profit is the only reason people with savings forego present consumption in order to take a risk by accumulating capital with the hopes of providing higher valued goods and services that will in turn allow them to consume more in the future.
Capitalism is what happens when property rights are respected. Or how Said likes to put it, it’s what happens you leave people alone
SHSS / DRE
npub1hh…3cz98
2024-06-02 01:19:24
in reply to nevent1q…zs9u
Author Public Key
npub1hhczaensvm77hgj4uxk804n6m9gy3hk4p6ugtgqu4vu32mjzst0s83cz98Published at
2024-06-02 01:19:24Event JSON
{
"id": "6a53e6eb05512487e00ddc3b50fe828f937baa6a037bbc949ce0a26065bc6fdc",
"pubkey": "bdf02ee67066fdeba255e1ac77d67ad95048ded50eb885a01cab39156e4282df",
"created_at": 1717291164,
"kind": 1,
"tags": [
[
"e",
"a25375313c8b9cd63b179b29f26c7c0292fbb26ac65ed11fa779f16218fddaea",
"",
"root"
],
[
"e",
"5d9c9c45beda2358711ff250b63b4ea7a2150d30bb51b1f030a815653e35f715",
"",
"reply"
],
[
"p",
"1afe0c74e3d7784eba93a5e3fa554a6eeb01928d12739ae8ba4832786808e36d"
],
[
"p",
"ec2b04a7d6fdeada31a645338a4bb2706b119dda1de6956aaba29f823c37f144"
]
],
"content": "Profit is the only reason people with savings forego present consumption in order to take a risk by accumulating capital with the hopes of providing higher valued goods and services that will in turn allow them to consume more in the future.\n\nCapitalism is what happens when property rights are respected. Or how Said likes to put it, it’s what happens you leave people alone",
"sig": "050e48ebac6347e2d8078dd8d00da869c485f36e0df80edd52628d7511c7ffe44bd910e964b14b2244cff3c0901f3c0bfb51df51a528e2007461c278144e9945"
}