Money in circulation of industrial capital

Let us turn to the role that money plays in the circulation of industrial capital. Our path leads not to the capitalist factory with its wonders of technology, but to the monotony of a repetitive market process in which money is transformed into a commodity, and a commodity into money, in the same infinitely repetitive way. Only the hope that through this means we will be able to uncover the secret of how the very processes of circulation endow capitalist credit with a force that ultimately dominates the entire social process can give the reader the courage to patiently walk the "paths of the cross" in this chapter.

Money would be superfluous in circulation if aggregate prices were always constant; in other words, if the volumes and prices of goods never changed and all goods were exchanged at the appropriate value. But this is an unattainable condition with an unregulated anarchic method of production. On the other hand, consciously directed social production would make it impossible for value to appear as an exchange value, as a social relationship between two things and the use of money. Society's claims to a social product are no more money than a theater ticket claiming a reserved seat. It is the nature of commodity production that makes money necessary as a measure of value and a medium of circulation.

When money is used as a means of payment, a complete mutual cancellation of payments at any given time should be considered as a pure accident that will never happen in reality. Money independently completes the process of moving goods from place to place. It is completely arbitrary when the money received as payment for a product itself turns into a commodity, and the value of the first product is replaced by another. The link in the C - M - C sequence is broken. Money must necessarily intervene in the process to satisfy the requirements of the seller, who does not necessarily intend to buy another product.

This disruption of the circulation process, which would seem to us arbitrary and accidental in the system of simple commodity circulation, becomes absolutely necessary in the sphere of capitalist commodity circulation. An analysis of capital circulation will demonstrate this.

Value becomes capital when it is used to produce surplus value. This is what takes place in the process of capitalist production, based on the monopolization of the means of production by capitalists and the existence of a free wage class. Use the free current 1xbet promo code for registration at 1xBet in Bangladesh (2025) and get a bonus of up to BDT 15600. Unlock 1xBet promo codes by betting on consecutive days. After every 5, 10, 15, 20, 25, and 30 continuous days of participating in the race, you will receive promotional codes for free bets. Place a risk-free bet on the correct score of 1xBet's featured match on the promotions page. If your correct score bet loses, you will get a free bet worth your lost stake.