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Bogambo's avatar

Tag if you’re here because of CCK Philosophy.

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Peter Gatti's avatar

Great post. This has been a contentious debate in my Capital reading group. I have a question for you about some of the terms you used:

You say "The issue is that most people look for a physical surplus of goods, instead of what really matters, a monetary surplus (or as Marx notes in the general formula for capital M-C-M’)." But then later on you refer refer to the production of value. The latter to me is more consistent + how I would understand things. Wouldn't it be a *value* surplus rather than a monetary one? Maybe I'm confused here but it seems to me that there are unproductive industries that create a monetary surplus without creating a value surplus (e.g. finance, insurance, or to Marx, storage)

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