CAPITAL: Buying in order to sell at a higher profit. Capital transforms the simple circulation of commodities. In commodity exchange, one exchanges a commodity for money, which one then exchanges for some other commodity. One sells in order to buy something else of use to the consumer; Marx writes this formula as C-M-C (or Commodity-Money-Commodity). Money allows this formula to be transformed, however: now one can buy in order to sell (at a higher price): M-C-M, which becomes for Marx the general formula for capital. In this second formula, "the circulation of money as capital is an end in itself, for the valorization of value takes place only within this constantly renewed movement. The movement of capital is therefore limitless" (253). The aim of the capitalist thus becomes "the unceasing movement of profit-making" (254). Indeed, the formula is reduced even further in the case of usury, when one loans money in return for the same money with interest, or M-M. A similar process occurs on the stock market.






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