Page 259

Bonus FAQs FAQ Aren’t we all capitalists? Short Answer No. Explanation In the communist world, there are doctors, lawyers, bankers, pilots, web designers, and teachers. These are the people who make up any economy, regardless if it is capitalist, socialist, or communist. True capitalists are people who use other people’s labor and other people’s money to do what people and governments want done. They use capital markets and enrich themselves in the process. If you work for money and invest your money, you are part of a capitalist society, but not necessarily a capitalist. The definition of capitalism is: An economic system in which the means of production are privately owned and operated for a private profit. Karl Marx defined the proletariat, the working class, as people who do not own the means of production. When schools train you to get a job or work for money as an accountant, lawyer, or doctor, you are being trained to work for a capitalist.

Bonus FAQ #7: Is Entrepreneurship for Everyone? FAQ Can anyone be an entrepreneur? Short Answer Yes. A young boy in my neighborhood mows lawns on weekends. He is an entrepreneur. Being an entrepreneur is no big deal. Being a successful entrepreneur is a big deal.

250

Profile for Jamiel Cotman

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Profile for jfcotman
Advertisement