Earlier quoted context omitted.
A difficulty with marxism is that it is thoroughly old fashioned about bucketing people into categories. In a feudal society you were born into a life where you were a serf, or a craftsman, or an aristocrat. Marxism massages the labels but essentially accepts this worldview. The primary handle on each person is a class label, assigned at birth. Talent is irrelevant. One of the challenges of management after feudalism…
> My view is that capital is nearly irrelevant in mainstream technology now beyond achieving bootstrap Wasn't that true for traditional businesses as well? Beyond bootstrap, the company itself (revenue streams, assets, etc.) is the capital. I mean, if I wanted to be a landlord in the middle ages the only capital I need is a bag of gold coins to buy enough land and build a fort and "bootstrap" my lordship... (and mayb…
Thanks for this correction.