1.) For someone to understand the concept of “M-C-M,” they must first come to realize that it was created for the sole purpose of explaining why we continue to have capitalism in this country. There was a point in time where the United States did not have people who had a lot of money, society was a place where “peasants” and “artisans” would sell the product of their labor in exchange for money. But when people of wealth came into the picture, that way of living life changed drastically. “M-C-M” was a formula that was abbreviated, it served the purpose in understanding how capitalists or people of wealth sought to continue their gains. The first “M” in the formula stands for “money,” “C” stands for “commodity,” and the final “M” is for “money” again-almost like a transaction. Firstly, capitalists want to ensure that they can have a business or corporation-the fruit of their labor but without them actually working. Then, they must have employees that can produce their product so that they are able to sell. Then, they are to make income whilst retrieving more of the desired product for them to sell. For example, according to page 23, paragraph 2 states, “…for capitalists would never use their money for the purchase of a commodity that they could not resell for more than they had spent.” This quote from the text is a prime example of how a capitalist thinks. They want to continue purchasing a commodity or some form of product to be produced so it can keep generating profit for them. But they never want to resell something that they had invested in to ensure they gain more compared to what they bought it for. So, consumers will continue buying it from them for higher prices than what they actually bought it for. Also, the employers are part of the commodity because they are aiding in the capitalist gains and they aren’t being paid nearly enough for the amount of labor that they put in. All in all, capitalists remain on top whilst continuing to profit on both what they sell and their employers.