1) The diagram M-C-M’ can be broken down as Money (M) -> Commodities (C) -> Money + surplus value (M’). This represents the position of capitalists in society and how they maintain that social class. In order to make profits (surplus value) capitalists use their capital (M) to buy the means of production (C) and labor power so that they can have workers produce goods & services which are commodities for the working class. The capitalists take these finished products and sell them for more than what they initially paid for them. Considering the transfer value of the means of production and the value of labor, the capitalist builds wealth by paying a fraction of what the labor is worth to the workers. The difference is pocketed by the capitalist allowing them to buy even more means of production through capital accumulation, this difference is the “surplus value” (M’). While the capitalist exploits the working class the workers are paid just enough to scrape by so that all their necessities to continue being a worker are met but never be paid enough to accumulate enough wealth to join the capitalist class. An important point to consider for this diagram is that capitalists do not buy their commodities for personal use, but rather to stretch the market value of it to sell it back to the working class as a necessity. Capitalism creates a system where the working class has no choice but to depend on capitalists for their livelihood.