In Capital,Marx begun with the commodity exchange circulation formula,had proposing a cycle formula for the valorization of capital.He further predicted that the valorization of"capital"can detach from material production and become independent.From Baudrillard's perspective,this prediction has already manifested under the influence of"consumer culture"in postmodern views,where symbolic exchange value has replaced commodity exchange value.However,it overlooks the fact that the valorization of"capi-tal"originating from the general political-economic logic of material production in the economic base.In fact,only in the"Capitalist World System"of financial globalization can exploitation stemming from industrial capital and"symbolic capital"with a materialis-tic perspective.
Marxcapitalconsumer societycapitalist world systemsymbolic capital
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