[Maybestring]

Do I understand correctly that an Uber driver with a 30k capital investment in a car is part of the petite bourgeoise, and a surgeon working for a hospital who has put 400k toward education is part of the proletariat? Or do you count education as capital?

[derekp7]

Capital is something you purchase or work to build from raw material, or some combination. And an education (with or without a degree) is considered an asset. So why not?

[danans]

It's just a classification system, so I wouldn't take it in isolation. If what you are trying to understand is wealth and power, you have consider more dimensions.

In Marx's time, these categories perhaps mapped more consistently to the gradation of wealth and power, but there were exceptions then too.

And the degree to which an asset is "capital" that produces wealth and income without the owner's labor is relative to it's scarcity. The 30k car is a common possession, and also it has no added economic value without the driver's direct labor. A fleet of cars driven by rented labor is capital, as are factories, valuable land, or high concentrations of wealth.

Education is a kind of capital, but the surgeon's student loan is no different in than a social worker's student loan, except in the cost and income potential.

In that sense the surgeon is a worker but their work usually produces a great deal of extra income that allows them to purchase capital assets of other kinds.

[dragonwriter]

> Do I understand correctly that an Uber driver with a 30k capital investment in a car is part of the petite bourgeoise

In the simple, no debt financing case, that's the most obvious categorization, though much the same concerns that lead to questions about whether those drivers are rightly categorized as contractors might be raised as to whether they are genuinely self-employed independent business owners or rented labor being applied to Uber capital with a weird gatekeeping mechanism.

> and a surgeon working for a hospital who has put 400k toward education is part of the proletariat?

A lot to high income workers (surgeons often very much among them) are joint capital/labor earners of a kind that diverges from the independent small business owner model, because they gain substantial income, often deferred through reinvestment and often mainly in what are held largely as retirement funds, on capital to which their own labor is not applied, as well as selling labor to capital; for that reason they’d generally be seen as petit bourgeoisie, thought somewhat different from the main textbook example.

> Or do you count education as capital?

Traditionally, if it's not been made property that can be itself sold freely in capitalist economy, it's not capital in the analysis of economic class in a capitalist economy. (Looked at from within the system rather than from critics of capitalism, ask yourself: are the returns of education taxed like labor or like capital—that tells you how the capitalist system itself sees them.)

[ryanx435]

Marx's labels are so outdated it doesn't make sense to use them in our modern economy.

[scarface74]

I agree. When a couple of developers can start a software company with nothing but a credit card and an AWS account the concept of "capital" has changed a lot.

[jadedhacker]

I have a feeling this idea is deceptive. Renting equipment has existed time immemorial.

[scarface74]

Well, personally, I could set up a few cheap servers in my office and take advantage of my gigabit internet up/down while I'm bootstrapping and then get a colo. The point being that the main capital today is intellectual not physical.

[ryanx435]

What part of that is renting

[jadedhacker]

The outlay for infrastructure. Previously you had to own your own hardware, get a business class line, maintain it, etc. Now you just rent servers from AWS or another provider. I like to think of it like a ski rental. They build a few extra services on top to make it even more convenient, but the critical part is the hardware.

[AstralStorm]

The owner of ski rental, unless or is massively profitable, if it is the sole critical income source, is textbook petit bourgeois.

The main difference is in influence wielded...

[dragonwriter]

The part where a credit card is involved. It's not directly renting equipment, it's renting money to buy the equipment in anticipation of earning new money to replace the rented money, but it's isomorphic to renting equipment, which is rather the central point to the idea of capital as marketable goods rather than entailed property (or, commonly, an appurtenance to entailed land) which distinguishes capitalism from feudalism.