[kazagistar]

Property is the belief system. Capital is just an optimization of it.

Resources are finite. Not everyone is equally efficient at allocating resources. Not everyone specializes in analyzing the most effective way to distribute resources. Capitol is intended to fit this role: those with past success in correctly distributing resources in productive areas make a profit, and thus have better ability to select correctly.

Of course, there are are a few great problems with capitalism under this perspective.

- Inheritence only makes sense as an incentive to keep being optimal close to death, but after the generation gap, the "wealth belongs to proven optimizers" is no longer true.

- Benefit of the system is skewed significantly towards the wealthy, which is counterproductive if happiness scales logartithmically with wealth, as it seems to.

- (What this article talks about) Wealth is encouraged to create more wealth, even if it is to the detriment of overall production in some cases.