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From: myers@uwmacc.UUCP (Jeff Myers)
Newsgroups: net.politics.theory
Subject: Re: What is "capitalism"? (capital)
Message-ID: <1030@uwmacc.UUCP>
Date: Sun, 5-May-85 17:43:16 EDT
Article-I.D.: uwmacc.1030
Posted: Sun May  5 17:43:16 1985
Date-Received: Tue, 7-May-85 21:10:24 EDT
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Organization: UWisconsin-Madison Academic Comp Center
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> 
> An example of the "fetishistic" way of thinking criticized by
> Marxists is the idea that "money makes money," the idea that
> interest-bearing capital is autonomously productive.  But if all
> capitalists merely lent their money at interest instead of investing
> it in production, capitalist production would cease and the source of
> interest payments would eventually dry up.  
> 
> Richard Carnes

Here, here!  This gets to the heart of the matter directly (without a pound
of flesh being necessary).

jeff m