

So far no chemist has ever discovered exchange-value either in a pearl or a diamond.
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There is one great fact, characteristic of this our nineteenth century, a fact which no party dares deny. On the one hand, there have started into life industrial and scientific forces which no epoch of former human history had ever suspected. On the other hand, there exist symptoms of decay, far surpassing the horrors recorded of the latter times of the Roman empire.
A circuit performed by a capital and meant to be a periodical process, not an individual act, is called its turnover. The duration of this turnover is determined by the sum of its time of production and its time of circulation.
As, in religion, man is governed by the products of his own brain, so in capitalistic production, he is governed by the products of his own hand.
These numerous points at which money is withdrawn from circulation and accumulated in numerous individual hoards or potential money - capitals appears as so many obstacles to circulation, because they immobilise the money and deprive it of its capacity to circulate for a certain time.
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