M-C-M’ is a concept used by capitalists to grow their wealth. The first M(Money) is what the capitalist starts with. The second letter C(Commodity) is what the capitalists invest their money in, and could range from things such as raw materials, machines, and labor power. Lastly, M’(More money) which is essentially the profits made after production with prices being drastically marked up and sold for more than what was initially invested. The difference between the first and second M is surplus value created by workers, which becomes profit for the capitalist. 

Leave a Reply