Capital that goes unspent forever is a meaningless piece of paper, or eventually, just constitutes power over other people.
If I invest money into a startup and make a return of my investment I keep my capital but the investment isn’t meaningless.
That wasn’t unspent. It was, somewhere down the line, manifested as actual commodities (ie: whatever the “startup” actually makes).
Harvard doesn’t put his money in the mattress, they invest it. If you count invested money as spent, than they spend it.
If I invest money into a startup and make a return of my investment I keep my capital but the investment isn’t meaningless.
That wasn’t unspent. It was, somewhere down the line, manifested as actual commodities (ie: whatever the “startup” actually makes).
Harvard doesn’t put his money in the mattress, they invest it. If you count invested money as spent, than they spend it.