There are four primary types of capital.
- Intellectual capital
- Private capital
- Public capital
- Natural capital
When the nation was found there was a wealth of natural capital. Over the centuries much of it has been converted into private capital through methods that unnecessarily depleted or diminished the capital. Natural capital was sustainable yet the intellectual capital to use it and not lose it was lacking.
Intellectual capital built up over the centuries yet private capital can be managed by people with over-specialized knowledge who have no grasp of the intellectual capital content, especially regarding other forms of capital. Private capital has had a tendency to exploit and reduce natural and public capital.
Public capital (i.e. streets, public utilities, public schools, ports and harbor constructions, airports, sports stadiums proving a socialistic base for the NFL to perform bread and circuses rituals for the plebeians) has increased with the increase of the national population of the United States over the centuries yet it has not increased in size with private capital at all. Public capital policy general is made to conform with the interests of private capital.
Democracy can become dominated by concentrated wealth managers of private capital with obsessive specialized interests. Public political management may become dominated by representatives of private capital wealth concentrations in the political forms of corporatism and plutocracy. Then the capacity of enlightened political management and adaptation to national challenges is diminished.
In theory democracy is free to management parameters of private capital concentration that would reinforce egalitarian opportunity for the acquisition of capital and capital growth (capital is here defined as real properties and knowledge of value.) and support the increase of all forms of capital rather than the domination of private capital concentrated in a small percent of the populous.