Actors are productive workers, not in so far as they produce a play, but in so far as they increase their employer's wealth
I have one but: I thought the first "C" in "M-C-C-M" was the purchase of the labor commodity. Fortunately, I think this doesn't really do much against your breakdown. Flip 'em around and it works. The commodity labor is purchased and then does work on raw materials with the instruments(means) to create a commodity to be sold on the market which then yields money, having been sold. — Moliere
That's interesting. M-C-C-M is given a directional connotation though right. A big deal's been made about money going the opposite way around the cycle than commodities. I agree with you that both make sense. Though maybe they should not. — fdrake
Are the raw materials interpreted as commodities in your view? Are they there "before" this step of circulation? — fdrake
Nope! I agree that the raw materials are a commodity. The means of production (the factory, the spinner) are a commodity, the raw materials (wool) are, and so is the living labor purchased. In order for raw materials, like gold or iron or what have you, to enter into the economic relation, even though they are there beforehand, they must be worked, so they have labor time invested in them. — Moliere
Finally, the result of the process of production and realization is, above all, the reproduction and new production of the relation of capital and labour itself, of capitalist and worker. This social relation, production relation, appears in fact as an even more important result of the process than its material results. And more particularly, within this process the worker produces himself as labour capacity, as well as the capital confronting him, while at the same time the capitalist produces himself as capital as well as the living labour capacity confronting him. Each reproduces itself, by reproducing its other, its negation. The capitalist produces labour as alien; labour produces the product as alien. The capitalist produces the worker, and the worker the capitalist etc.
Though for me, I'd actually not want to de-emphasize the numbers as Harvey did. One of the things that would excite me is if I could utilize these to begin to understand a way of setting up formulas, make measurements, etc. -- that is, I'm interested in Marx, in addition to the many ways he's used, but in his original purpose: as a scientific project of economics. It's one of those questions that's always interested me. — Moliere
But yup, I like this too. In a sense I've looked at the Labor Theory of Value, since it uses an SI unit, as being a possible conservation law. — Moliere
I think it gets really confusing because of the obvious conflict between "I drive things over here and back and don't make things, so what?", but then if they didn't do so the market wouldn't be expanded, and capital must expand. — Moliere
For thems following along and who have the companion and who want to chime in, that'd be the time to do so. — Moliere
Or, well -- "time to do so" -- sounds annoyed. — Moliere
“In the money market, capital is posited in its totality; there it determines prices, gives work, regulates production, in a word, is the source of production; but capital, not only as something which produces itself (positing prices materially in industry etc., developing forces of production), but at the same time as a creator of values, has to posit a value or form of wealth specifically distinct from capital. This is ground rent. This is the only value created by capital which is distinct from itself, from its own production. By its nature as well as historically, capital is the creator of modern landed property, of ground rent; just as its action therefore appears also as the dissolution of the old form of property in land.
“This latter himself then ‘clears’, as Steuart says,  the land of its excess mouths, tears the children of the earth from the breast on which they were raised, and thus transforms labour on the soil itself, which appears by its nature as the direct wellspring of subsistence, into a mediated source of subsistence, a source purely dependent on social relations.”
“We therefore always find that, wherever landed property is transformed into money rent through the reaction of capital on the older forms of landed property (the same thing takes place in another way where the modern farmer is created) and where, therefore, at the same time agriculture, driven by capital, transforms itself into industrial agronomy, there the cottiers, serfs, bondsmen, tenants for life, cottagers etc. become day labourers, wage labourers, i.e. that wage labour in its totality is initially created by the action of capital on landed property, and then, as soon as the latter has been produced as a form, by the proprietor of the land himself.
“There can therefore be no doubt that wage labour in its classic form, as something permeating the entire expanse of society, which has replaced the very earth as the ground on which society stands, is initially created only by modern landed property, i.e. by landed property as a value created by capital itself.”
It must be kept in mind that the new forces of production and relations of production do not develop out of nothing, nor drop from the sky, nor from the womb of the self-positing Idea; but from within and in antithesis to the existing development of production and the inherited, traditional relations of property. While in the completed bourgeois system every economic relation presupposes every other in its bourgeois economic form, and everything posited is thus also a presupposition, this is the case with every organic system. This organic system itself, as a totality, has its presuppositions, and its development to its totality consists precisely in subordinating all elements of society to itself, or in creating out of it the organs which it still lacks. This is historically how it becomes a totality.
On the other hand, if within one society the modern relations of production, i.e. capital, are developed to its totality, and this society then seizes hold of a new territory, as e.g. the colonies, then it finds, or rather its representative, the capitalist, finds, that his capital ceases to be capital without wage labour,
“and that one of the presuppositions of the latter is not only landed property in general, but modern landed property; landed property which, as capitalized rent, is expensive, and which, as such, excludes the direct use of the soil by individuals. Hence Wakefield’s theory of colonies, followed in practice by the English government in Australia.  Landed property is here artificially made more expensive in order to transform the workers into wage workers, to make capital act as capital, and thus to make the new colony productive; to develop wealth in it, instead of using it, as in America, for the momentary deliverance of the wage labourers. ”
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