- MCM’ means money, commodity and more money (surplus value). Capitalists start with money and use that money to buy what they need for their production and that includes things like materials, equipment and labor power. The workers then use their labor to produce the commodity and create value. Part of that value covers what the workers are paid, while the additional value they create becomes surplus value for those capitalists. The capitalist ends up with more money than they started with and can put it back into production to make even more. Through this system, they continuously repeat the process, maintaining and increasing their wealth.
One thought on “Discussion Board 5.2”
Leave a Reply
You must be logged in to post a comment.
Your explanation of M-C-M’ makes the process very clear. I think your point about reinvesting the money is especially important because it shows how the process becomes a cycle. Capitalists can use the additional money as capital again, which helps explain how they can continue to increase their wealth over time.