Sublime

A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.

Capital is whatever can be transformed or used to produce goods that satisfy human wants. It can be stored, deployed, and accumulated, because it is productive.

Cities whose economic-development strategy is a corporate-capture strategy are typically those whose economic development director and planning director don’t talk to each other. The smart cities, like Lowell, hire a director of planning and development, who is first charged with creating a city where people want to be. Rather than trying to land n

Recognizing that capital is made, and not simply the product of superior skills, shifts attention to the processes by which different assets are slated for legal coding and to the states that endorse relevant legal modules and offer their coercive powers to enforce them.

Following Hernando de Soto, we see capital as “economic potential energy”; a stock of crystallized and stored time; the memory of experimentation and discovery; a tool allowing us to not need to work completely from scratch, and shared in a common language to spare us equally from isolation.