Explain M-C-M’ to show how capitalists maintain and increase their wealth.

In Pierre Jalee’s “How Capitalism Works” M (Money) -C (Commodity)-M (Money), he states “the formula M-C-M must thus be regarded as the general formula of capital.” M-C-M is a cycle where money is needed to by commodity to establish more money. An example of M-C-M are those who own multiple homes as an investments and rent them out for more than what the monthly mortgage is asking to make a larger profit. The last M in M-C-M is the excess profit and is the surplus value that capitalist make, it is of greater value the M. The capitalist buys the labor power from the worker at its value and pays the worker a wage. The capitalist sells the goods produced by the labor for more than its original value. The worker who has to work longer hours to “create a value equal to that of his or her daily requirement”, makes value for themselves and then a surplus value for the capitalist.