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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 ?
55) Ibid 675; see below Part VII(C) for further discussion of the special nature of evidence in native title cases.
11) Thus the point of this article is to examine how the Supreme Court of Canada answers these questions in contrast with the New Zealand Court of Appeals modern breakthrough and founding Aboriginal title case, Ngati Apa.
Recollections of squatting in Victoria, then called the Port Phillip District (from 1841 to 1851) is a text penned by a squatter who in the mid-nineteenth century occupied the land claimed in the Yorta Yorta native title case.
A large part of the money came from a successful collection on a tax title case, he said.
If you choose Change Case, highlight the target text and click on Change Case; the highlighted text will toggle among upper case, lower case, title case and sentence case.
Cauley also wanted to reintroduce the Stewart Title case and consolidate that into one case with the four others.
Lucknow, Feb 13 (ANI): The oldest litigant in the Ayodhya title suit, Mohammad Hashim Ansari, has finally decided to move the Supreme Court against the verdict of the Allahabad High Court in the Ram Janambhoomi-Babri-Masjid title case.
The only inherent failing, if it can be described that way, of any conference papers, is that by the time of publication, new native title case law can overtake the views expressed in some of the conference papers.
Ayodhya/Lucknow, Oct 1 (ANI): People across Uttar Pradesh have cautiously welcomed the 2-1 verdict on the Ram Janambhoomi-Babri Masjid title case.
The Lucknow Bench will announce its verdict on the Ramjanambhoomi-Babri Masjid title case on Thursday at 3.
The Lucknow Bench is scheduled to announce its verdict on the Ramjanambhoomi-Babri Masjid title case on Thursday at 3.
The Lucknow Bench will announce its verdict on the Ramjanabhoomi-Babri Masjid title case on Thursday at 3.