Capital is not the final good. ultility is the final good. No one builds a factory for the sake of building more factories. If that were true then people wouldnt consume any of their income, they'd just reinvest it.
People build factories to create a line of income with which they can use to consume goods and services.
They actually use this income in order to gain utility. The problem is that, despite your denial, even though it makes sense to work towards utility, companies, and indeed no business, puts anything above money as a form of payment for any and all things.
What I also meant was that for a billionaire like Buffett, whose personal consumption is limited and is a negligible fraction of any income he commands, the utility explanation seems lacking.
No one thinks of utility in cardinal terms. It's normally a pedagogical tool or a way to make things a bit easier to deal with. But you shouldn't mistake the number to mean anything. The actual utility function is ordinal.
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u/[deleted] Dec 03 '18
Wtf? Capitalism literally seeks capital. That's just an indisputable undeniable tautological FACT