This is the third (and presently the final) installment of my short essays on new capitalism. This essay deals with income from ownership of productive and financial assets that for simplicity I shall call "income from capital". There are three important things to know about capital income under new capitalism.
There are three important things to know about capital income under new capitalism. Capital income is not the same thing as labor income. At first it seems obvious.
At first it seems obvious. And it should be. Labor income, to be made, requires exertion and effort: being at the work place or at your online location; it requires concentration, thinking, physical effort (try doing the delivery job of an Amazon driver for a change, let alone of a coal-miner).