The Role of Capital Has Politicians Confused


English: DOE EA Capital Planning and Investmen...

English: DOE EA Capital Planning and Investment Control (Photo credit: Wikipedia)

By Mark Spitznagel – Amid all of this messy thinking we miss the simple truth behind our material wealth: It has been achieved through the accumulation, by us and inherited from our forefathers, of a stock of highly configured and embedded tools that make human effort more effective and things possible that never were before. And we turn our backs on this truth when we turn more and more of these tools over to government bureaucrats.

Profits are but an intermediate end of capital investment. Its ultimate end, in fact, is the material progression of our civilization. more> http://tinyurl.com/aemha5t

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