A Contemporary Analysis of Marx's Thought on Interest-Bearing Capital
Marx's theory of interest-bearing capital needs further clarification.Interest-bearing capital is the capital that the owner of money lends to the functioning capitalist for use,and obtains interest at a certain interest rate.On the surface,it seems that interest-bearing capital can obtain interest from industrial capital without having to do anything.However,its true movement is to divide the surplus-value exploited by industrial capital.The surplus-labor of the proletariat constitutes the true source of interest.Stemming from both consistent and opposing interests,interest-bearing capital both cooperates and struggles with industrial capital,forming an important link in the capitalist system and shows the power structure dominated by industrial capital.Interest-bearing capital reveals fetishism and madness in its particular movement process,and also contains certain social character.The prominent fetishism of interest-bearing capital is formed by the combination of the material nature and mystification.The external appearance of the movement of interest-bearing capital departs from its internal essence,bypassing all intervening links and processes,directly from G to G',thus becoming a fetish.This fetish form inevitably leads the bourgeoisie and its spokespersons to form the conception of fetish.The fetish form and the fetish conception reinforce each other,establishing a strong fetishism.The formation of the fetishism of interest-bearing capital signifies the extreme and ultimate completion of capital fetishism.It leads to a mistaken understanding of the typical form of capital and the overall structure of capitalist production,concealing capitalist exploitation and weakening the consciousness of resistance and revolution.Marx deeply dissected interest-bearing capital using the method of essence-phenomenon perspective,relational thinking,contradiction analysis and historical thinking,focusing on penetrating the surface,especially the illusion,to see its deep essence.Based on the true essence to reflect on false appearance,Mark's theory clarifies interest-bearing capital fundamentally.Marx's theory of interest-bearing capital provides a powerful ideological foundation for scientifically understanding and properly handling interest-bearing capital and its development forms under new conditions.
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