| This question <277|346-1> overall <304|306> Slacker: <215|91>. |
| Exam Question 213: Argue why C-M-C is an independent act, while M-C-M is a link in a chain. |
| [305] Slacker: Addition to 213 I think there is more to it than Bandit has addressed. C-M-C is independent in the sense that its motivation is to an specific end, the sale of one commodity for the purchase of another. This is done to satisfy some want. M-C-M is a capitalist venture where the goal is to use X quanity of money to buy some commodity that you will sell for Y quantity of money. The goal is that Y > X. This is the generation of profit and for the capitalist the reason for existance. This is what makes it a link in the chain. |
| Hans: Your explanation of C-M-C is better than Bandit's, but Jupiter's [277] has already said the same thing. On the other hand, Bandit's [267] has a better explanation than yours why M-C-M is a link in a chain: simply because the second M looks exactly like the first, and it is ready to enter the same cycle over again. |
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