Put differently, this inescapable biological fact is supposed to imply that the accumulation and distribution of wealth no longer presage an inevitable clash between dynasties of rentiers and dynasties owning nothing but their labor power. The governing logic is rather one of saving over the life cycle: people accumulate wealth when young in order to provide for their old age. Progress in medicine together with improved living conditions has therefore, it is argued, totally transformed the very essence of capital.
