<div class="xblock xblock-public_view xblock-public_view-vertical" data-graded="False" data-request-token="57eca07e55fa11f0ad2f0e2404363195" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+11.405x+2T2020+type@vertical+block@e6e988144cc34288a91bdc8150d4ad09" data-course-id="course-v1:MITx+11.405x+2T2020" data-block-type="vertical" data-runtime-version="1" data-init="VerticalStudentView" data-has-score="False">
<h2 class="hd hd-2 unit-title">What is Capital, Really?</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+11.405x+2T2020+type@html+block@066fdf8c60e34d84926553a3469ea1f9">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-graded="False" data-request-token="57eca07e55fa11f0ad2f0e2404363195" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+11.405x+2T2020+type@html+block@066fdf8c60e34d84926553a3469ea1f9" data-course-id="course-v1:MITx+11.405x+2T2020" data-block-type="html" data-runtime-version="1" data-init="XBlockToXModuleShim" data-has-score="False">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p><!--StartFragment--> <!--EndFragment--></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-align: left; direction: ltr; unicode-bidi: embed; mso-line-break-override: none; word-break: normal; punctuation-wrap: hanging;">To understand the core of <span style="font-size: 12pt; color: black;">what banking is, </span><span style="font-size: 12pt; color: black;">we need </span><span style="font-size: 12pt; color: black;">to take one more step and look </span><span style="font-size: 12pt; color: black;">into what capital </span><span style="font-size: 12pt; color: black;">is.<span style="mso-spacerun: yes;"> </span>Given<span style="mso-spacerun: yes;"> </span>that </span><span style="font-size: 12pt; color: black;">we claim that </span><span style="font-size: 12pt; color: black;">to live</span><span style="font-size: 12pt; color: black;"> </span><span style="font-size: 12pt; color: black;">in a capitalistic system, this might be a good moment to ask ourselves: What is capital, really?</span></p>
</div>
</div>
<div class="vert vert-1" data-id="block-v1:MITx+11.405x+2T2020+type@video+block@cef27907f42b494381621f31e4847a06">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-graded="False" data-request-token="57eca07e55fa11f0ad2f0e2404363195" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+11.405x+2T2020+type@video+block@cef27907f42b494381621f31e4847a06" data-course-id="course-v1:MITx+11.405x+2T2020" data-block-type="video" data-runtime-version="1" data-init="XBlockToXModuleShim" data-has-score="False">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Understanding Capital</h3>
<div
id="video_cef27907f42b494381621f31e4847a06"
class="video closed"
data-metadata='{"prioritizeHls": false, "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@cef27907f42b494381621f31e4847a06/handler/transcript/available_translations", "start": 0.0, "completionPercentage": 0.95, "publishCompletionUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@cef27907f42b494381621f31e4847a06/handler/publish_completion", "generalSpeed": 1.0, "ytMetadataEndpoint": "", "sources": ["https://d2f1egay8yehza.cloudfront.net/MIT11405/MIT114052016-V002700_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MIT114052016-V002700/MIT114052016-V002700.m3u8"], "end": 0.0, "ytTestTimeout": 1500, "savedVideoPosition": 0.0, "autoplay": false, "transcriptTranslationUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@cef27907f42b494381621f31e4847a06/handler/transcript/translation/__lang__", "ytApiUrl": "https://www.youtube.com/iframe_api", "recordedYoutubeIsAvailable": true, "lmsRootURL": "https://openlearninglibrary.mit.edu", "autohideHtml5": false, "showCaptions": "true", "duration": 225.14, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/dcf102fc29d949fbade600119ad43501.jpeg?Signature=O%2F29T1qKVUL%2B9sBXOnAgNds5gC8%3D&Expires=1751319715&AWSAccessKeyId=ASIA4QDFFSURXVIW77C6&x-amz-security-token=IQoJb3JpZ2luX2VjEM7%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCXVzLWVhc3QtMSJHMEUCIQCjoK3%2BL3J96qSva%2FbpIbKJiOVIM%2FfSl946Y4IqzK7cFwIgFGEVJ67sXKbIKz6%2F5jf4c4pl%2BhbdWL5ZhK8vEjB0pPEqwQUIx%2F%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FARAEGgw4NTkyMDU2Mzc0MTEiDFUvmXqevzrEIrquIiqVBd%2F%2Bu8UvcKXV1xO2xVCF8vQ5I9FkRnAt7qtes8ZnisXT1kDE1sUZUBXgpsjqI1OdjOsRNAxEiyy7ZlqTwjWvkH3WPRPxQ1lYwKxjnluv9K5jjypciFyQ03OEie%2FINMMS536TUkb8QzSFSSgNzrkId1r85dz2RxPjtzYwkmGzrjy9d1Ib1AgNaQSfjUvKWD%2FO3VlGm9%2FwtvuGFwjHEHnZjst6dj%2FyVWPw03igpclCI63%2BhYG26EC%2Fo6NBJFyF32bs4qL6DMmOkgF067guePKOnlFxxteghCyDKVC3Z7xOM2dYU0hLLXT0bFfVK1cRD9WFqZ0%2BI2fEvHZr1WsxKH3wAlTRpmfkXE%2BAifrkEy2XZ6uLvnqPEXSMLMgbqSRhgHtBXO48fQB%2FTv9Hl0u4suNU%2FvY03AllBedcF%2BLMf8Lp1uRqAXwfD2uOZbncjZms1QOcWye%2Ffmk7O1SNtY7CEpGC3%2BGIdP0Y6voVdb72CaVMeKW8MIHBBDRmS6mm3byctO2tcF%2FaqVETNf0CfAlucbO4OhpbxmTyQnI6PFDomFrLOgKxu3FlfAeMlJD89GbQ%2FZWbmMAaGtYerubcW1SIxGPa84GOX9FLovibmSE4nTae6OM43edMxo05pOobXXHnEei%2B1prmFkL3aCnTQMPLBzM1tjIK1aq%2BAxyrrdl0QOCTRxQuVM%2FRPzA2jbpi6A7q3RCeJnDeuJW2rUfd%2F2y9JyVpZXNIHmFpKiDEM5SR2UoOAcg34xX6M%2FE7H5txJxe7ydQ9eUpw%2Bic8abCVo6PHwPrUsrLTlL0D7ei%2FOFQ62fx4gwnO831EFMs59uaz81P3OYH2G3OucPdU9xPoEz20JmhdB%2B9JwgZacNsQt2kJWfUcZBIt07XE9UAwmYKMwwY6sQEJ4rbKOM62EWsAP2H7EEDN4f%2FA7EjeHt02AKv3M7XHfRMwRoUazgN%2BfvUij9hNKksTHtI3sU5HHqdGOoc189IBO9G0tf9paQkw8Bw1KMKYY5OZ7GvHU3zCaVeV4z6iKdT3qb39tiEEFh4TXMmKa5RRYoNaZ%2BZfTWfVcgrjxBBKsrjYhai1P9hsJoT8inm63b0vxLBvCodnOdzau0F9bJPyPHpMeqZXTaPy5DVLYDspCSY%3D", "streams": "1.00:ZDmMRmg-hIQ", "saveStateEnabled": false, "speed": null, "transcriptLanguage": "en", "captionDataDir": null, "completionEnabled": false, "autoAdvance": false, "saveStateUrl": "/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@cef27907f42b494381621f31e4847a06/handler/xmodule_handler/save_user_state", "transcriptLanguages": {"en": "English", "de": "German", "pt": "Portuguese", "es": "Spanish"}}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="cef27907f42b494381621f31e4847a06"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
<h3 class="hd hd-4 downloads-heading sr" id="video-download-transcripts_cef27907f42b494381621f31e4847a06">Downloads and transcripts</h3>
<div class="wrapper-downloads" role="region" aria-labelledby="video-download-transcripts_cef27907f42b494381621f31e4847a06">
<div class="wrapper-download-transcripts">
<h4 class="hd hd-5">Transcripts</h4>
<ul class="list-download-transcripts">
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@cef27907f42b494381621f31e4847a06/handler/transcript/download" data-value="srt">Download SubRip (.srt) file</a>
</li>
<li class="transcript-option">
<a class="btn btn-link" href="/courses/course-v1:MITx+11.405x+2T2020/xblock/block-v1:MITx+11.405x+2T2020+type@video+block@cef27907f42b494381621f31e4847a06/handler/transcript/download" data-value="txt">Download Text (.txt) file</a>
</li>
</ul>
</div>
</div>
</div>
</div>
</div>
</div>
</div>