11min chapter

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Inside the AI memory machine

The Vergecast

CHAPTER

The Magic School Bus of Marxist Economics

Capital isn't just stuff you use to make more stuff. It's basically the machinery with which you produce stuff, whether that means more machinery, producer goods or edible commodities. And so similarly, if you have a cotton spinning machine today, what is that? It's not capital. That's something in a museum. You know, there'd be no room for you in the sort of framework of their world understanding.

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