In Chinese society, why do many people attribute almost any problem to "capital"? Because "capital" is the easiest framework to understand, spread, and assign blame. It simplifies complex social phenomena into a clear target: capitalists, capital groups, capital power. But if we take a longer historical view, we find that capital is not the most fundamental operating logic of human society. Capital is merely a tool for organizing resources and exercising power. In feudal times, wealth was tied to the emperor and aristocratic privileges; in an administrative society, wealth was tied to organizations and approval rights; in a market society, wealth is more often expressed in the form of capital. What has truly persisted over the long term is never capital itself, but the power to make rules and the power to be exempt from them—who can set the rules and who is free from their constraints ultimately controls the final distribution of societal resources. Capital can change, transfer, and disappear, but the structure of privilege and power is the recurring underlying phenomenon in human society. In other words, capital is often not the cause but the result; not power itself, but a manifestation of power in a particular era.