Capital as ‘abstraction in action’ and economic rhythms in Marx

Abstract

AbstractCapital, as self-valorising value, abstraction in action, Hegelian syllogism or self-organisation of economic rhythms oriented to the unique goal of profit production, is based on the reversal of subject and object in capitalist society. The producer is subjugated to their own social relationship that acts as a subject and treats them as its object. The fetishism of social reproduction manifests itself more clearly in structural crises, in which the system persists only through accelerated social regression.