[OPE-L:1706] Re: productive assets

chaion lee (conlee@chonnam.chonnam.ac.kr)
Fri, 5 Apr 1996 05:00:17 -0800

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Gil wrote in [1701]
Differential ownership
of relatively scarce productive assets does *account for* capitalist
exploitation given the existence of the necessary circuits of
capital. Marx corroborates this by labelling usury and merchant's
capital extended to small producers "capitalist exploitation without
the capitalist mode of production."

In responce to the above,
Then, the circuit of capital even without the capitalist mode of production
can be counted in the capitalist exploitation? Good. How about the ground
rent? Is it in the circuit of capital? Since it does not convert itself into
money form of it regularly, it does not seem to be the capital-circuit.
So, it is not of the capitalist exploitation? I am not sure if it is or not.

I wait for your reply.

In solidarity, Chai-on