Capitalism Advances on the Basis of Industrial Cycles
As is known, capitalism is based on generalised commodity production. The fundamental feature of capitalist mode of production lies in the fact that the outcome of the production process is not only the value but also the surplus value. Nevertheless, for a well-functioning economy, producing more surplus value is not enough. It must be realised in the market as well. In this way, the capitalist class is able to use a significant part of the realised profit for new investments. Thus, the capitalist production process is materialised as an expanded reproduction process, which is a totality...