Tuesday, April 18, 2017

Capital vs labor

This distinction has no meaning in the sandbox. 

It only knows capital vs labor according to the relative arrival of liquidity events. Economists really can't separate the two out except wages are time synced.  The distinction came from Marx and never left and never had any theoretical basis.  

In the sand box we have a denomination algebra, discovered.  If some of those quants are capital, then the smart layer has to identify it for for whatever reason we make the distinction.

Once we have the red/green function in our hands, we are neither capital nor labor; we are fools running around tapping on price beacons and icons.

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