[quote=briansd1]AN, I agree with the wiki definition.
On the accumulation of capital part, nowhere does it say how much, as in what amount or percentage of the economy.
The main feature of capitalism is money lending or leverage in excess of the funds you actually have to acceralerate (bring forward) consumption and/or investments to create wealth.
I think that real capitalists would want to manage society’s money to create maximum wealth for the whole population. It would be a waste not to deploy capital to get idle resources working.[/quote]
So, who get to dictate where the capital get deployed? If your goal is accumulation of capital and in high risk time, wouldn’t it be prudent to hoard you cash waiting for the bottom? Isn’t that what a lot of smart home buyers did by not buying in 2005 and waiting at least to 2008 if not longer? You don’t see a limit of capital accumulation, because there shouldn’t be one. You can accumulate as much capital as you want.
