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(1) The conversion of surplus value into capital, that is, the utilization of surplus value for the expansion of capitalist production. The capitalized surplus value forms a fund of capital accumulation that, like capital, is divided in two parts: the additional constant capital, used for the acquisition of additional means of production, and the additional variable capital, used for buying additional labor power.

(2) The process of the formation of fictitious capital. In bourgeois society, each regularly recurrent income (such as ground rent or dividends) is capitalized: it is calculated at the average loan interest rate as if it were income from capital in the form of a loan at this interest rate. Each unearned income received by virtue of the ownership of securities is considered as interest from a certain capital, which in reality does not exist (imaginary capital). The securities issued (shares, bonds of corporations or the state) become capital and bear interest. The increase in the rates of the shares (capitalized dividends), particularly in the period of cyclic upsurge, leads to the accumulation of fictitious capital, which qualitatively and quantitatively differs from the accumulation of real capital and which is determined by its own laws. At the same time, the excessive expansion of fictitious capital and the subsequent stock exchange collapse may seriously affect the process of capital accumulation. Since the whole mass of fictional capital represents a capitalized income, the change of its value does not depend on the value movement of the actual (real) capital that it represents. Capitalization means the further development of the fetishist character of capitalist relations of production, that is, a further development of the treatment of money and things as if they had a kind of magic power over men.


Marx, K. Kapital, vol. 3. K. Marx and F. Engels, Soch, 2nd ed., vol. 25, chs. 1–2, sees. 5–7.
Novye iavleniia v nakopenii kapitala v imperialisticheskikh stranakh. Moscow, 1967.


References in periodicals archive ?
Comparing constant and mixed uncertainty representations, accuracy values for the mixed case were found to be lower than that for the maps that depicted constant uncertainty (Figure 10).
Mixed case complaints are processed similarly to other complaints of discrimination; however, there are three exceptions.
7 release, including mixed case password management, enhanced report generation tools, more granular security control over CICS(R) applications and expanded UNIX(R) System Services management reports.
A more helpful title might have been "An Efficiency and Equity Case for a Market and Public Intervention in Kidneys" or "A Mixed Case of Private and Public Provision for Kidney Transplants.
Maybe they need a mixed case of fun wines delivered at the beginning of each season - a case for spring, a case for summer, and so on.
In terms of consumer demand and new models of care, plus the revised financial reimbursement packages of mixed case assessment, the nursing home must stand as the most vulnerable component of long-term care.
Tax return data can be printed in upper or mixed case.
Indicative of the stability, dependability and comforting care the foundation provides, the "Beckstrand Cancer Foundation" name is displayed in a strong yet approachable mixed case.
99 in a mixed case of six wines) is the softest and richest of the three, with slightly jammy red fruit, but it has a wonderfully silky texture.
99 in Majestic as part of a mixed case deal, it's loaded with aromas of apple, citrus fruits, flowers and a hint of ginger snap.
The mixed case also has 96 portions (24 of each flavour).