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Karl Marx’s ”Capital” Vol. 3 (Part 3/10)

Theory & Philosophy

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The Turnover of Commercial Capital

For the industrial capitalist, the turnover process goes as i have already said. You have a commodity, you sell that commodity for money, or in the form of the means of production. And then you take that money and put it back into your means of production and valorize it. In like with like with labor. Now the turnover of commercial capital is only repeated buying and selling,. whereas in industry, it involves value creation and renewal. It contributes to illusion that value originates in exchange, when, I think i made pretty clear, it does not. That puts us here into money dealing capital, or chapter 19, money dealing capital. Here we are getting hints of the stock market

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