1. As we learned thus far, the capitalist class consists of people who own wealth, as well as the means of production in American society. An important question in understanding how this class works is to ask: how does a capitalist remain wealthy? The answer to this question depends largely on understanding the diagram M-C-M’. So, let’s practice by explaining what happens in this diagram in our own words (but basing our ideas on Reading 5.1). Respond to the following question: Explain M-C-M’ to show how capitalists maintain and increase their wealth. (hint: your answer should weave a summary that includes what you reviewed in the self-assessment exercise question 1-7)

So based on the reading the diagram M-C-M can be seen through the lens of Labor power and surplus value for example M(Money) would be like the starting point for capitalist they begin with certain amount of money and the objective would be to make it grow by making it into more money through process of commodity production, which leads us to C(Commodities) the capitalist use the money that they started with to buy means of production like raw materials, machinery and labor of power which is very important to produce the goods and services, M(Money more than original M) after doing all that making and producing the goods and services the capitalist would sell the commodities which in turn will give out more money than they originally invested the extra money they make will be the difference from the first M(Money) and it will be surplus value, so the way capitalist increase their wealth will be by surplus extraction, extraction of surplus value from workers, workers are paid less than the value of the product this is done by extending work hours increase of intensity of work and lowering their wages, so by exploitation of labor power capitalist maintain and also increase their wealth.