Capital is not just money
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Capital is not just money
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Why is infrastructure crumbling, care failing, and democracy under strain?
In this video, I explain two concepts that quietly shape everything around us and help us answer this question. They are capital, and capital maintenance.
Importantly, capital is not just money. It is the accumulated stock of financial, physical, environmental, human, and societal resources that make future well-being possible. When we fail to maintain those resources, societies decay.
In that case, I argue that because modern economics focuses obsessively on financial capital while neglecting the others, including their capital maintenance, we get collapsing services, environmental breakdown, and political anger.
Care, then, is not a sentiment. Care is capital maintenance in action.