Let’s Not Forget The Importance of Capital

Celebrate Capital Day. It’s a solid point.

Happy Capital Day? – Foundation for Economic Education: Any good economist will tell you that as complementary factors of production, labor and capital are not only indispensable but hugely dependent upon each other as well. Capital without labor means machines with no operators, or financial resources without the manpower to invest in. Labor without capital looks like Haiti or North Korea: plenty of people working but doing it with sticks instead of bulldozers, or starting a small enterprise with pocket change instead of a bank loan.