Capital, Capitalize, Capitalist
Posted: Wed Feb 10, 2016 7:28 am
CAPITAL
KJV References
Not found
Webster’s Dictionary of the English Language, 1828
WEX Legal Dictionary
Webster's New World Dictionary, Third College Edition, 1988
State of the Union Address, Franklin D. Roosevelt, January 3, 1938
KJV References
Not found
Webster’s Dictionary of the English Language, 1828
Bouvier’s Law Dictionary, 1856CAPITAL, adjective
1. Literally, pertaining to the head; as a capital bruise, in Milton, a bruise on the head.
2. Figuratively, as the head is the highest part of a man, chief; principal; first in importance; as a capital city or town; the capital articles of religion.
3. Punishable by loss of the head or of life; incurring the forfeiture of life; punishable with death; as, treason and murder are capital offenses or crimes.
4. Taking away life, as a capital punishment; or affecting life, as a capital trial.
5. Great, important, though perhaps not chief; as, a town possesses capital advantages for trade.
6. Large; of great size; as capital letters, which are of different form, and larger than common letters.
CAPITAL stock, is the sum of money or stock which a merchant, banker or manufacturer employs in his business; either the original stock, or that stock augmented. Also, the sum of money or stock which each partner contributes to the joint fund or stock of the partnership; also, the common fund or stock of the company, whether incorporated or not.
A capital city or town is the metropolis or chief city of an empire, kingdom, state or province. The application of the epithet indicates the city to be the largest, or to be the seat of government, or both. In many instances, the capital that is, the largest city, is not the seat of government.
CAPITAL, noun The uppermost part of a column, pillar or pilaster, serving as the head or crowning, and placed immediately over the shaft, and under the entablature.
By the customary omission of the noun, to which the adjective, capital refers, it stand for,
1. The chief city or town in a kingdom or state; a metropolis.
2. A large letter or type, in printing.
3. A stock in trade, in manufactures, or in any business requiring the expenditure of money with a view to profit.
Black's Law Dictionary, 1st Edition, 1890CAPITAL, political economy, commerce.
1. In political economy, it is that portion of the produce of a country, which may be made directly available either to support the human species or to the facilitating of production.
2. In commerce, as applied to individuals, it is those objects, whether consisting of money or other property, which a merchant, trader, or other person adventures in an undertaking, or which he contributes to the common stock of a partnership. 2 Bouv. Inst. n. 1458.
3. It signifies money put out at interest.
4. The fund of a trading company or corporation is also called capital, but in this sense the word stock is generally added to it; thus we say the capital stock of the Bank of North America.
WEX Legal Dictionary
Capital
The available assets of a business, including liquid assets (cash) and/or physical assets (machinery, buildings, and equipment).
Webster's New World Dictionary, Third College Edition, 1988
Capital: "Wealth (money or property) owned or used in business by a person, corporation, etc. Any source of benefit or assistance".
Capitalize: "To print or write a word or words in capital letters."
State of the Union Address, Franklin D. Roosevelt, January 3, 1938
Murray N. Rothbard said:Capital is essential; reasonable earnings on capital are essential; but misuse of the powers of capital or selfish suspension of the employment of capital must be ended, or the capitalistic system will destroy itself through its own abuses. The overwhelming majority of business men and bankers intend to be good citizens. Only a small minority have displayed poor citizenship by engaging in practices which are dishonest or definitely harmful to society. This statement is straightforward and true. No person in any responsible place in the Government of the United States today has ever taken any position contrary to it.
But, unfortunately for the country, when attention is called to, or attack is made on specific misuses of capital, there has been a deliberate purpose on the part of the condemned minority to distort the criticism into an attack on all capital. That is wilful deception but it does not long deceive.
If attention is called to, or attack made on, certain wrongful business practices, there are those who are eager to call it "an attack on all business." That, too, is wilful deception that will not long deceive. Let us consider certain facts:
There are practices today which most people believe should be ended. They include tax avoidance through corporate and other methods, which I have previously mentioned; excessive capitalization, investment write-ups and security manipulations; price rigging and collusive bidding in defiance of the spirit of the antitrust laws by methods which baffle prosecution under the present statutes. They include high-pressure salesmanship which creates cycles of overproduction within given industries and consequent recessions in production until such time as the surplus is consumed; the use of patent laws to enable larger corporations to maintain high prices and withhold from the public the advantages of the progress of science; unfair competition which drives the smaller producer out of business locally, regionally or even on a national scale; intimidation of local or state government to prevent the enactment of laws for the protection of labor by threatening to move elsewhere; the shifting of actual production from one locality or region to another in pursuit of the cheapest wage scale.
The enumeration of these abuses does not mean that business as a whole is guilty of them. Again, it is deception that will not long deceive to tell the country that an attack on these abuses is an attack on business.
Another group of problems affecting business, which cannot be termed specific abuses, gives us food for grave thought about the future. Generically such problems arise out of the concentration of economic control to the detriment of the body politic--control of other people's money, other people's labor, other people's lives.
J. P. Morgan said:Since the State necessarily lives by the compulsory confiscation of private capital, and since its expansion necessarily involves ever-greater incursions on private individuals and private enterprise, we must assert that the state is profoundly and inherently anti-capitalist.
[/quote]Capital must protect itself in every way... Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd.