The circulation of capital realizes value , while living labour creates value.

By destroying small-scale production, capital leads to an increase in productivity of labour and to the creation of a monopoly position for the associations of big capitalists.

As the chosen people bore in their features the sign manual of Jehovah, so the division of labour brands the manufacturing workman as the property of capital.

An organised system of machines, to which motion is communicated by the transmitting mechanism from a central automation, is the most developed form of production by machinery.

The aggregate capital appears as the capital stock of all individual capitalists combined. This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.

These numerous points at which money is withdrawn from circulation and accumulated in numerous individual hoards or potential money - capitals appears as so many obstacles to circulation, because they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.