The slave trade, yes, because that's a form of noncapitalist labor that nonetheless produces commodities that enter capitalist circulation - but loot? How would metals and other treasures provide fuel? Wouldn't they be more like an increase of money that doesn't emerge from an increase in productive capacity, and therefore is more likely to raise the price level than stimulate accumulation?
Doug ^^^^^ CB: Maybe. But wouldn't this reasoning mean that much of finance capital today is the same as that loot - the "bezzles" made on bubbles bursting is the same type of loot , no ? Money made on currency exchange "betting" or derivatives of all types is money that doesn't emerge from an increase I productive capacity isn't it ?
