Apostolis wrote:
When you take a house with a loan, you are the owner of the house.
Are you saying the "payer's lack of ownership" is the same as "debt"? I had never thought of it in that way. So when I say "profit measures the consumer's lack of ownership in the means of production", I could instead say "interest measures debt". So we are in debt to the Capitalists because we have not organized to co-own the means of production for our mutual benefit. That make a lot of sense. I wonder how this compares to Chris Cook's take on the subject, which seems very similar to what I propose but continues to elude me. His older work is at http://OpenCapital.net also see http://p2pfoundation.net/Chris_Cook I would CC him, but can't seem to find his addr.