This paper was prepared for the Birkbeck College Seminar Series on 'Marx, Individuals & Society' on 26th October 2000. It argues that transhumanists have avoided certain developments in contemporary society that indicate that humans are already transhuman to the extent that they are becoming 'human capital'. In this account, human capital is the capitalisation of humanity; the processes involved in humans becoming a form of capital, capital within the human. Thus, the notion of 'human capital' is far more horrific than any techno-scientific transformation of the human body.