finance capital

“In principle the human productive community may be constituted in either of two ways. First, it may be consciously regulated.”

“Their relations of production are directly manifest as social relations, and the economic relations between individuals can be seen as being determined by the social order, by social arrangements rather than by private inclination. Relations of production are accepted as those which are established and desired by the whole community.”

this is the one side of human productive community.

and he explains another side.

“In other words, its members are individual proprietors who are compelled by the development of the division of labour to do business with one another. The act by which this is accomplished is the exchange of commodities. ”

“exchange must also provide the answer to another question : whether production is to be undertaken by the independent artisan or by the capitalist entrepreneur? The answer to this question is to be found in the change in the exchange relationship with the development from simple commodity production to capitalist production. The act of exchange itself differs qualitatively only as between different social systems; for instance, between the socialist and the commodity producing society.”