Costas Lapavitsas on Cost of Living Crisis and the State of Capitalism

[@musiqtee]

Working class today? Not identity, try this: If your income is from wages, benefits, pension - not from what you own, know or are - and you *can not convert that income into capital ownership* - you are “working class”. Capital is _not_ money. It’s money converted into _ownership_ of something (also intangibles) that “makes money” as an asset created & protected by law. A negative pile of money (dept owed to you) is _way more powerful_ for influencing politics, than a pile of it from the proverbial lottery ticket. It makes you a millionaire a short while, but NOT a capitalist… 😅