You only need to borrow wealth in an environment of extreme wealth disparity.
If wealth is shared, the workers pool their own wealth together as their own investment. The risk is shared, the labor is shared, the profit is shared.
The people who don’t do the work and just hoard the wealth can be cut out of the equation entirely, and it works better and more efficiently. Wealth hoarders are the bottleneck that holds everything back.
Many projects take a long time to become profitable. The workers would starve until then.
Because of that, they need to borrow wealth to be able to keep working on the project until it becomes profitable.
The concept of lending wealth is therefore necessary.
Noone is gonna accept the risk of lending out wealth unless they expect some gain, some profit.
Therefore the workers promise to not only repay the lent wealth but to also pay on top of that, perhaps a share of the project’s profit.
Hence the concept of profitable investment is necessary.
They don’t starve if food production is turned to the goal of feeding humans.
You think entirely too small.
Humans made Capitalism, and we can unmake it.
You only need to borrow wealth in an environment of extreme wealth disparity.
If wealth is shared, the workers pool their own wealth together as their own investment. The risk is shared, the labor is shared, the profit is shared.
The people who don’t do the work and just hoard the wealth can be cut out of the equation entirely, and it works better and more efficiently. Wealth hoarders are the bottleneck that holds everything back.