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The business of business is to replace the low efficiency of manual labor with the higher output of labor saving tools and devices which are paid for with accumulated capital (or debt)

Debt incurred in this manner is someone else's accumulated capital, borrowed. So either way, it's accumulated capital that pays for the equipment.

And if you fund new equipment by selling a stake in the company, you're bringing someone else's accumulated capital into the company. It's still accumulated capital that pays for the equipment.

Even if the manufacturer of your new equipment sells it to you on credit - then THEY have to have (or be able to access) sufficient accumulated capital to cover the cost.
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