Of course, you can make any system work with any definitions. It's just more cumbersome to eg state your theorems in cryptography, if your definition of prime numbers includes 1.
When talking about factors of production, it is useful to differentiate between labour, capital and land.
The main distinguishing factor between capital and land is that land is in fixed supply, but you can produce more capital.
i was going to reply land could be 'fixed capital' but doing some quick wiki shows as you say, land itself may not constitute as "capital" [0]... interesting
Land itself is not included in the statistical concept of fixed capital, even though it is a fixed asset. The main reason is that land is not regarded as a product (a reproducible good). But the value of land improvements is included in the statistical concept of fixed capital, is regarded as the creation of value-added through production.
Depending on your analysis, it can sometimes make sense to include land under fixed assets. Eg when you are running a company your accounting can perhaps treat durable assets and land the same?
If you are looking at whole economies, it's often useful to treat land separately. Even if that's not always done.
But I'm some kind of Georgist at heart, as you might be able to guess.
Capital is used here as a euphemism for land ownership. Net worth being mathematical inference of how well land owner “capitalizes” on the possession of land.
Other asset classes came along because, well, useful land is finite, and to create new wealth holders to act as missionaries for the US dollar. “Yeah even this trash is worth money in the US!”
Valuations are arbitrary numerical assessments based upon the whims of the assessors (assignment of currency value to stuff is a social tradition; there is no science that suggests the universe values any bit of itself what with entropy ripping the universes stuff apart), and routinely inflated to validate investors past decision to “buy into” Murica.
Biology being largely unchanged in centuries (in a meaningful way given the context here), the issues in our culture can easily be assigned to political corruption as usual. All the high talk about separation of powers is laughable as DC pols rub elbows at private social events, discussing not systemic change for the public benefit but how to veil graft as justifiable given their intimate connection to our political norms.
Simple really. Most white collar crime is still the same old “deflect, project, until we can change the rules” as policing is conveniently unfunded.
The mathematical gap between classes must be maintained! Or Sauron himself will emerge from the lava of Mt Doom or some shit.
I say we post up at home, stop going to work except to maintain our communities locally, make Jamie Dimon and co knock on every door in the US looking for rent. But I’m weird that way. Except for 2A, I really lean into progressive doctrine, which often aligns with conservative doctrine but media intentionally stokes this stupid culture war to obfuscate it.