> Small addendum since you are confused as to what capitalism is. Your 14 year old nephew does own capital: their labor
Their labour is a factor of production but it is _not_ capital. Here is an introduction to the factors of production: https://www.wikiwand.com/en/Factors_of_production . (Notice that both in classical/liberal economics and marxist economics labour is distinct from capital)
> Their ability, depending on labor laws in their state, allow them to offer that labor in whichever market or not.
That is a commodity and _not_ capital and is normally discussed as the commodification of labour: https://www.wikiwand.com/en/Commodity (Addendum: there are many examples of regulated commodities like those containing tabacco and alcoholic beverages)
> An option that would be deprived of them in a system that follows the prescriptions of "from each according to their ability, to each according to their needs."
How so? They would still be able to labour (according to their ability) and would receive what they need (food, housing, medical treatment, education, entretainment, etc.) according to their need.
Even in a capitalist mode of production you cannot "choose" to labour in a particular employment. The employer would gauge ability and the most effective number of employees; Lets assume that hypothetical nephew doesn't know how to cook and wants to work as a chef in a gourmet restaurant or isn't a nuclear engineer/scientist and wants to work as a nuclear plant operator like a fellow named Simpson.
It always amazes me how ignorant most of the so called "capitalists" (who generally control little to no actual capital) are. Thanks for showing me at least someone paid attention in economics (or maybe history) class.
It's a necessary condition. The curriculum is crafted specifically in this way. See for example A TEACHER GUIDE TO THE CALIFORNIA ECONOMICS STANDARDS[1].
From unit 1.2:
> HUMAN CAPITAL[Many textbooks discuss “labor” instead of ‘human capital.” We use “human capital” because it involves much more than physical attributes and helps students focus on the reason why they are in school.]
Student's earliest exposure to formal economic education begins with definitions that deceive people into believing they are capitalists when they are in fact selling their labor power for wages.
Yeah, I know that. There's no easier way to create a permanent underclass than to restrict access to education and stifle ideas that are threatening to the status quo.
BTW, the 9 point outline in that PDF is actually a good framework for understanding and learning to navigate a capitalist, market economy, so I wouldn't say it exactly makes your point.
Edit: Ah, ok, the indoctrination portion of the program comes a little later on in the file, lol. :P. Consider the last part of my last sentence withdrawn.
Their labour is a factor of production but it is _not_ capital. Here is an introduction to the factors of production: https://www.wikiwand.com/en/Factors_of_production . (Notice that both in classical/liberal economics and marxist economics labour is distinct from capital)
> Their ability, depending on labor laws in their state, allow them to offer that labor in whichever market or not.
That is a commodity and _not_ capital and is normally discussed as the commodification of labour: https://www.wikiwand.com/en/Commodity (Addendum: there are many examples of regulated commodities like those containing tabacco and alcoholic beverages)
> An option that would be deprived of them in a system that follows the prescriptions of "from each according to their ability, to each according to their needs."
How so? They would still be able to labour (according to their ability) and would receive what they need (food, housing, medical treatment, education, entretainment, etc.) according to their need.
Even in a capitalist mode of production you cannot "choose" to labour in a particular employment. The employer would gauge ability and the most effective number of employees; Lets assume that hypothetical nephew doesn't know how to cook and wants to work as a chef in a gourmet restaurant or isn't a nuclear engineer/scientist and wants to work as a nuclear plant operator like a fellow named Simpson.