This downturn will continue to marginalize labor's position in an economy where the non-human factor of production, productive capital, is the factor that is exponentially becoming more productive, not labor.
While Quirky sources product design from consumers, ZAOZAO sources production capital from consumers.
At the same time, by dealing primarily in speculation, the financial markets deny potential funds for investment to productive enterprise: they restrict the pool of production capital.
Innovators and entrepreneurs use production capital to generate new wealth in the shape of goods and services.
He reminds us of Schumpeter's distinction between financial capital and production capital: "Financial capital is provided through financial markets to the business sector and production capital represents funds committed by the business sector to the production of goods and services".
Whatever indicators you look at — capital goods production, capital goods import, projects launched, new project approval– none of this data indicates any recovery in these segments.
The large mango, an attraction for visitors to Bowen, was erected in 2002 to celebrate the town's claim of being the mango production capital of Australia.
If the subsidies are indeed working for New York, that can only be bad news for California, the film production capital, which has seen jobs and income flee and which offers no major subsidies.
It remains true that much of the production capital invested is obtained via the financial markets, but only a tiny proportion of the funds invested in those markets find their way into productive investment.
Sitting in the nation's film and television production capital, not to mention its second-largest TV market, KCET contributes relatively little original programming to PBS's national schedule.
