I support the writer’s guild strike because they are not part of the bourgeoisie. The same can’t be said of a lot of these rich actors who own a ton of capital themselves. So on the one hand, it kind of seems like the bourgeoisie is fighting the bourgeoisie on this one. On the other hand, not every actor in the guild is as successful as Tom Cruise, so some of those striking actors are working class.
Good points, but I thought that capital could be just having large sums of money and not necessarily equipment that workers use to produce goods? Would the amount of money the 5% own not be considered capital then?
Not really, because methods of production essentially create that money. For example what is more worthwhile? A machine that creates products worth 1 million dollars a year, or a million dollars cash? Obviously the machine as it allows a capitalist to essentially endlessly fill their pockets.
Capital trumps money every single time (money can also be used to purchase capital but itself is not capital). It can be used as investment as well, which acts as capital because it accumulates interest and return, turning it into productive capital. But money itself is not capital.