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I don't think you gain anything in terms of increasing understanding by trying to blur the lines and join the two words together.

In my understanding and the way I feel the words are used, is labour is work (whether that be physical or mental) and capital is either money or assets.

Money and assets is different to work, it doesn't matter that you may have got the money from work, once you have earned it, and banked it, it becomes capital, it isn't the same thing as "Work" which is an action, not an object.

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Would you still consider capital the equivalent of labour in a society where 100% of products and services were made by robots and automated machines, and every one in society was just some form of investor owning different portions and varying amounts of the economy?

I think you could get rid of labour entirely and still have the concept of capital, without it being linked to labour/work, Investors and capital owners would still exist, but workers wouldn't, So could you really say money is a claim on labour? I don't think so, that's why I said its a claim on production.

No body cares how much human labour goes into products when they buy them, they care about how much produce/production they are getting, and at what quality.

<blockquote data-quote="Value Collector" data-source="post: 915553" data-attributes="member: 57577">I don&#039;t think you gain anything in terms of increasing understanding by trying to blur the lines and join the two words together.In my understanding and the way I feel the words are used, is labour is work (whether that be physical or mental) and capital is either money or assets. Money and assets is different to work, it doesn&#039;t matter that you may have got the money from work, once you have earned it, and banked it, it becomes capital, it isn&#039;t the same thing as &quot;Work&quot; which is an action, not an object.&nbsp;---------------------------------------------------------------------------Would you still consider capital the equivalent of labour in a society where 100% of products and services were made by robots and automated machines, and every one in society was just some form of investor owning different portions and varying amounts of the economy?I think you could get rid of labour entirely and still have the concept of capital, without it being linked to labour/work, Investors and capital owners would still exist, but workers wouldn&#039;t, So could you really say money is a claim on labour? I don&#039;t think so, that&#039;s why I said its a claim on production.No body cares how much human labour goes into products when they buy them, they care about how much produce/production they are getting, and at what quality.</blockquote>

[QUOTE="Value Collector, post: 915553, member: 57577"] I don't think you gain anything in terms of increasing understanding by trying to blur the lines and join the two words together. In my understanding and the way I feel the words are used, is labour is work (whether that be physical or mental) and capital is either money or assets. Money and assets is different to work, it doesn't matter that you may have got the money from work, once you have earned it, and banked it, it becomes capital, it isn't the same thing as "Work" which is an action, not an object. --------------------------------------------------------------------------- Would you still consider capital the equivalent of labour in a society where 100% of products and services were made by robots and automated machines, and every one in society was just some form of investor owning different portions and varying amounts of the economy? I think you could get rid of labour entirely and still have the concept of capital, without it being linked to labour/work, Investors and capital owners would still exist, but workers wouldn't, So could you really say money is a claim on labour? I don't think so, that's why I said its a claim on production. No body cares how much human labour goes into products when they buy them, they care about how much produce/production they are getting, and at what quality. [/QUOTE]

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