ABSTRACT

This chapter looks into the socioeconomic substratum of economic imperialism in general and the capital concepts that have been investigated throughout the book in the particular. It should be made clear, though, that the above-mentioned variety of "capital" is by no means the only one that is concerned with commodification. The chapter argues that maximizing human resources, as a potential and un-channeled catalyst for improved economic growth is a good investment in social capital. Robert Heilbroner's vigorous critique of this imperialistic view is cited here not only for its polemic value but also for its substantive content-pointing to the aforementioned real economic background to the doctrine involved. The most important thing to realize about the concept of human capital is the direct meaning of the term itself: human capital. Conceiving of skills and education as an aspect of labor in fact reinforces the understanding of labor itself as a commodity, which happens to reside in human beings individually.