itself. Instead of the actual transformation of money into capital, we see here only form ithout content .. It becomes a property of money to generate value and yield interest, much as it is an attribute of pear trees to bear pears. And the money-lender sells his money as just such an interest-bearing thing. But that is not all. The actually functioning capital, as we have seen, presents itself in such a light that it seems to yield interest not as functioning capital, but as capital in itself, as money-capital. This, too, becomes distorted. While interest is only a portion of the profit, i. e of the surplus value, which the functioning capitalist squeezes out of the labourer, it appears now, on the contrary, as though interest were the typical product of capital, the primary matter, and profit, in the shape of profit of enterprise, were a mere accessory and by-product of the process of reproduction. Thus we get a fetish form of capital, and the conception of fetish capital. In M-M we have the meaningless form of capital, the perversion and objectification of production relations in their highest degree, the interest- bearing form, the simple form of capital, in which it antecedes its own process of reproduction. It is the capacity of money, or of a commodity, to expand its own value independently of reproduction- which is a mystification of capital in its most flagrant form For vulgar political economy, which seeks to represent capital as an independent source of alue, of value creation, this form is naturally a veritable find a form in which the source of profit is no longer discernible, and in which the result of the capitalist process of production divorced from the process- acquires an independent existence. [171 Just as the economic theory of capitalism remains stuck fast in its self-created immediacy, the same thing happens to bourgeois attempts to comprehend the ideological phenomenon of reification. Even thinkers who have no desire to deny or obscure its existence and who are more or less clear in their own minds about its humanly destructive consequences remain on the surface and make no attempt to advance beyond its objectively most derivative forms, the forms furthest from the real life-process of capitalism,, i.e. the most external and vacuous forms. to the basic Indeed, they divorce these empty manifestations from their real capitalist foundation and make them independent and permanent by regarding them as the timeless model of human relations in general. (This can be seen most clearly in Simmel's book The Philosophy of Money, a very interesting and perceptive work in matters of detail. They offer no more than a description of this"enchanted, perverted, topsy-turvy world, in which Monsieur Le Capital and Madame La Terre do their ghost-walking as social characters and at the same time as mere things."[18] But they do not go further than a description and theirdeepening'of the problem runs in circles around the eternal manifestations of reification The divorce of the phenomena of reification from their economic bases and from the vantage point from which alone they can be understood, is facilitated by the fact that the [capitalist] process of transformation must embrace every manifestation of the life of society if the preconditions for the complete self-realisation of capitalist production are to be Thus capitalism has created a form for the state and a system of law corresponding to its needs and harmonising with its own structure. The structural similarity is so great that no truly perceptive historian of modern capitalism could fail to notice it. Max Weber, for instance, gives this description of the basic lines of this development: Both are, rather, quite similar in their fundamental nature. Viewed sociologically, a business-concern' is the modern state; the same holds good for a factory; and this, precisely, is what is specific to it historically. And, likewise, the power relations in a business are also of the same kind. The relative independence of the artisan(or cottage craftsman), of the landowning peasant, the owner of a benefice, the knight and vassal was based on the fact that he himself owned the tools, supplies, financial resources or weapons with the aid of which he fulfilled his economic, political or military function and from which he lived while this duty was beingitself. Instead of the actual transformation of money into capital, we see here only form without content. ... It becomes a property of money to generate value and yield interest, much as it is an attribute of pear trees to bear pears. And the money-lender sells his money as just such an interest-bearing thing. But that is not all. The actually functioning capital, as we have seen, presents itself in such a light that it seems to yield interest not as functioning capital, but as capital in itself, as money-capital. This, too, becomes distorted. While interest is only a portion of the profit, i.e. of the surplus value, which the functioning capitalist squeezes out of the labourer, it appears now, on the contrary, as though interest were the typical product of capital, the primary matter, and profit, in the shape of profit of enterprise, were a mere accessory and by-product of the process of reproduction. Thus we get a fetish form of capital, and the conception of fetish capital. In M-M’ we have the meaningless form of capital, the perversion and objectification of production relations in their highest degree, the interest￾bearing form, the simple form of capital, in which it antecedes its own process of reproduction. It is the capacity of money, or of a commodity, to expand its own value independently of reproduction - which is a mystification of capital in its most flagrant form. For vulgar political economy, which seeks to represent capital as an independent source of value, of value creation, this form is naturally a veritable find. a form in which the source of profit is no longer discernible, and in which the result of the capitalist process of production - divorced from the process - acquires an independent existence.” [17] Just as the economic theory of capitalism remains stuck fast in its self-created immediacy, the same thing happens to bourgeois attempts to comprehend the ideological phenomenon of reification. Even thinkers who have no desire to deny or obscure its existence and who are more or less clear in their own minds about its humanly destructive consequences remain on the surface and make no attempt to advance beyond its objectively most derivative forms, the forms furthest from the real life-process of capitalism,, i.e. the most external and vacuous forms, to the basic phenomenon of reification itself. Indeed, they divorce these empty manifestations from their real capitalist foundation and make them independent and permanent by regarding them as the timeless model of human relations in general. (This can be seen most clearly in Simmel’s book The Philosophy of Money, a very interesting and perceptive work in matters of detail.) They offer no more than a description of this “enchanted, perverted, topsy-turvy world, in which Monsieur Le Capital and Madame La Terre do their ghost-walking as social characters and at the same time as mere things.” [18] But they do not go further than a description and their ‘deepening’ of the problem runs in circles around the eternal manifestations of reification. The divorce of the phenomena of reification from their economic bases and from the vantage point from which alone they can be understood, is facilitated by the fact that the [capitalist] process of transformation must embrace every manifestation of the life of society if the preconditions for the complete self-realisation of capitalist production are to be fulfilled. Thus capitalism has created a form for the state and a system of law corresponding to its needs and harmonising with its own structure. The structural similarity is so great that no truly perceptive historian of modern capitalism could fail to notice it. Max Weber, for instance, gives this description of the basic lines of this development: “Both are, rather, quite similar in their fundamental nature. Viewed sociologically, a ‘business-concern’ is the modern state; the same holds good for a factory: and this, precisely, is what is specific to it historically. And, likewise, the power relations in a business are also of the same kind. The relative independence of the artisan (or cottage craftsman), of the landowning peasant, the owner of a benefice, the knight and vassal was based on the fact that he himself owned the tools, supplies, financial resources or weapons with the aid of which he fulfilled his economic, political or military function and from which he lived while this duty was being