ABSTRACT
Social capital has two general forms—social investment and social consumption. Social investment may be classified as physical capital and human capital. In every advanced capitalist country monopoly capital has socialized part or all of the costs of planning, constructing, and developing and modernizing physical social capital projects. Physical social capital may be classified as complementary investments and discretionary investments. Technical change and capital accumulation also are all becoming closely integrated and Research and development (R&D) and education are now the costliest form of social investment. Capital accumulation and economic growth depend on the growth of the productive forces, which include land, raw materials, fuels, and other forms of constant capital, methods of work organization, labor power and labor skills, and technology. The intervention of the state through government grants to finance research programs, develop new technical processes, and construct new facilities, and the forced mobilization of resources converted production to a more social process.
