Changes

==69:5. THE BEGINNINGS OF CAPITAL==

==69:5. THE BEGINNINGS OF CAPITAL==

69:5.1 [[Capital (Economic)|Capital]] is [[labor]] applied as a [[renunciation]] of the [[present]] in [[favor]] of the [[future]]. Savings [[represent]] a form of [[maintenance]] and [[survival]] insurance. [[Food]] hoarding [[developed]] [[self]]-[[control]] and created the first problems of capital and labor. The man who had food, provided he could [[protect]] it from robbers, had a distinct advantage over the man who had no food.

69:5.1 [[Capital]] is [[labor]] applied as a [[renunciation]] of the [[present]] in [[favor]] of the [[future]]. Savings [[represent]] a form of [[maintenance]] and [[survival]] insurance. [[Food]] hoarding [[developed]] [[self]]-[[control]] and created the first problems of capital and labor. The man who had food, provided he could [[protect]] it from robbers, had a distinct advantage over the man who had no food.

69:5.2 The early [http://en.wikipedia.org/wiki/Bank banker] was the [[valorous]] man of the [[tribe]]. He held the [[group]] treasures on deposit, while the entire [[clan]] would defend his hut in event of [[attack]]. Thus the accumulation of [[individual]] capital and [[group]] [[wealth]] immediately led to [http://en.wikipedia.org/wiki/Military military] [[organization]]. At first such precautions were [[designed]] to defend [[property]] against foreign raiders, but later on it became the [[custom]] to keep the [[military]] [[organization]] in [[practice]] by inaugurating raids on the [[property]] and [[wealth]] of [[neighbor]]ing [[tribes]].

69:5.2 The early [http://en.wikipedia.org/wiki/Bank banker] was the valorous man of the [[tribe]]. He held the [[group]] treasures on deposit, while the entire [[clan]] would defend his hut in event of [[attack]]. Thus the accumulation of [[individual]] capital and [[group]] [[wealth]] immediately led to [http://en.wikipedia.org/wiki/Military military] [[organization]]. At first such precautions were [[designed]] to defend [[property]] against foreign raiders, but later on it became the [[custom]] to keep the [[military]] [[organization]] in [[practice]] by inaugurating raids on the [[property]] and [[wealth]] of [[neighbor]]ing [[tribes]].

69:5.3 The basic urges which led to the accumulation of [http://en.wikipedia.org/wiki/Capital_%28economics%29 capital] were:

69:5.3 The basic urges which led to the accumulation of [http://en.wikipedia.org/wiki/Capital_%28economics%29 capital] were: