It is simply sloppy English to make "invest" and "hoard" synonymous.
They are totally distinct. Carrol -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of raghu Sent: Tuesday, December 31, 2013 1:50 PM To: Progressive Economics Subject: Re: [Pen-l] Presbyterian frugality On Tue, Dec 31, 2013 at 1:15 PM, Carrol Cox <[email protected]> wrote: Hoarding is a non-capitalist use of wealth. I have to say I am very surprised and confused by this. Hoarding commodities such as, say, antique stamps may be non-capitalist. But surely hoarding *money*, specifically hoarding money by "investing", growing and accumulating it in perpetuity (as Jack MacDonald did) has to be the very definition of capitalist activity, no? -raghu. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
