A note on capitalism

Never too often mentioned is the essence of the following quote:

The truth, which real economists, from Adam Smith to Mises, have elaborated, is that in a market economy, the wealth of the rich—of the capitalists—is overwhelmingly invested in means of production, that is, in factories, machinery and equipment, farms, mines, stores, and the like. This wealth, this capital, produces the goods which the average person buys, and as more of it is accumulated and raises the productivity of labor higher and higher, brings about a progressively larger and ever more improved supply of goods for the average person to buy. (#)

This simple truth is out of reach for those who focus on present consumption and spending of wealth. The Left does not grasp the term "capital" and "investment", but is obsessed with money and consumer goods. And to top the irony, the Left blames the Right for only thinking about money! I love to hate their sincere and utmost stupidity, too be frank.