What Truly Moves This World: Ostensibly, politics drives the world. But in reality, war, religion, and slavery are the true forces behind it. War redefines core values and shifts the balance of power in society. Naturally, power also plays a role. Even though the Roman Empire fell, the Christian Church has lasted over 2,000 years. Religion always exceeds politics. No slavery now? Even without an explicit system, slave-like traits and statuses still exist across society. Maybe this won’t disappear until the end of the world. War, religion, and slavery are fundamental to these economic systems and monetary policies . The flow of money and changes in the economic system can be understood through these three forces. - Joseph’s “just my thoughts”
In business, capital means business funds. A successful entrepreneur often says, "I started my business without any capital". It's partly true, but it's a lie. The entrepreneur just said that capital means only cash. However, all kinds of businesses need to be fundamentally business funds in any even not cash. The entrepreneur didn't count the founder's labor cost. No inputs, no outcomes. The uncounted labor costs are called "alternative costs" or "opportunity costs". This comes from comparative advantage. If the entrepreneur doesn't accept the uncounted labor cost as a debt, the entrepreneur is equivalent to losing the profit due to opportunity costs. Please always remember this. There is no free lunch in this world. - Joseph’s “just my thoughts”