BTC_P2P's avatar
BTC_P2P 5 months ago
By definition they are deferring consumption to build capital goods and/or accumulating capital in your example. Two fundamental tenets of capitalism. Capitalism as defined by the Austrian school is an innate and wholly natural process for many more intelligent species.

Replies (1)

Cavern Harpy's avatar
Cavern Harpy 5 months ago
yeah. the squirrel is saving for the future, the bird is spending time and energy for security and comfort and the cat is offering you a tip for rubbing the side of its face