Lemmygradwontallowme [he/him, comrade/them]

I am the crab that pinches your butt, Dirt Owl

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Edit: to libs wondering around, yes, I’m a hexbear user, but one with a bit of liberal courtesy if we must interact yet…

Tovarshi/Tongzhimen

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Joined 1 year ago
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Cake day: May 23rd, 2023

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  • Reading’s going fine, but I’m just going to talk about a tangential subject on interest, that I should dealt with understanding, chapters ago

    spoiler

    I’m just trying sense of the principal sum, or 100%, when financial capitalists initially loan to industrial ones

    When the loan is used by the industrial capitalist to buy his constant capital, and used to help produce commodities, along with the labor he bought of his own personal fund,

    say the constant capital (holder of old variable labor) and labor (surplus value + variable capital) = 140% of the original

    Now, when bankers returns to ask for their principle plus interest, let’s say 5%,

    140% = commodity value =

    100% constant capital, the part needed to be paid to the lender

    20% variable capital

    15% surplus, due to 5% interest

    5% interest, to be paid to the lender

    And although their principal and interest is to be paid, the industrial capitalist still owns capital of 120, that can be exchanged for cash and reinvested again, and actually has an increase in net capital by 15?

    Doesn’t the constant capital depreciate as it transfers its value to the commodities? Wouldn’t he just be exchanging 120 for 15?

    Am I understanding this right, just to clarify? Or am I wrong? I’m confused…