Before getting into Part two of Capital , which deals with the
generation of capital (or to use Marx's notation M-C-M'), I want to
offer some prefatory comments on how this relates to the real
world–particularly with respect to the word capital.
In the parlance of the bourgeois academy and press, capital is pretty
much associated with the funds necessary to produce commodities, or
with the factories, mines, etc. that are used to produce such
commodities. A manufacturer goes to Goldman-Sachs to raise capital;
alternatively, capital indicates all of the inputs necessary to
produce goods. In this respect, labor is a constituent part of the
production. A capitalist brings together money, machines and workers
in order to compete in the marketplace and make the kind of profits
that will keep share holders happy. In this scheme of things, a
worker, a photocopier and a potted plant amount to the same thing. It
was Marx's distinction to challenge this schema and to put the worker
at the center.
full:
http://louisproyect.wordpress.com/2008/02/03/introductory-remarks-on-part-two-of-karl-marxs-capital-volume-one/
