I hope we didnt get confused because of my english. How do you say in english the ability of a person to decide what to do with an object or to decde what others could do with it. I call this ownership. maybe I use the wrong word. And yes, profit and debt wear different dresses but are the same person... lol. 2011/12/10 Patrick Anderson <[email protected]>
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.
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