Exploring the Evolution of Capitalist Production

This chapter delves into the historical context of trading capital before the capitalist mode of production, emphasizing the role of merchants in creating necessary preconditions for class relations to develop. It discusses the shift of capital from trading cities to industrial towns, highlighting the relationship between circulation and production in the formation of capital. The episode outlines the transition from feudalism to capitalism through the lens of merchant and industrial capital, emphasizing the evolution towards a genuine capitalist mode of production.