Capital accumulation as social relation Capital accumulation

in third volume of das kapital, marx refers fetishism of capital reaching highest point interest-bearing capital, because capital seems grow of own accord without doing anything. in case,

relations of capital assume externalised , fetish-like form in interest-bearing capital. have here



m
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m
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{\displaystyle m-m }

, money creating more money, self-expanding value, without process effectuates these 2 extremes. in merchant s capital,



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c
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{\displaystyle m-c-m }

, there @ least general form of capitalistic movement, although confines solely sphere of circulation, profit appears merely profit derived alienation; @ least seen product of social relation, not product of mere thing. (...) obliterated in



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{\displaystyle m-m }

, form of interest-bearing capital. (...) thing (money, commodity, value) capital mere thing, , capital appears mere thing. result of entire process of reproduction appears property inherent in thing itself. depends on owner of money, i.e., of commodity in continually exchangeable form, whether wants spend money or loan out capital. in interest-bearing capital, therefore, automatic fetish, self-expanding value, money generating money, brought out in pure state , in form no longer bears birth-marks of origin. social relation consummated in relation of thing, of money, itself.—instead of actual transformation of money capital, see here form without content.