Bite Size Economics No.27

'Speed of turnover is the engine of capitalist profitability'

The central mechanism of capitalist enterprises is the transformation of cash into commodities & the subsequent transformation of those products back into cash (Marx modelled this as a circular relation).

Each time the enterprise completes the circle it produces profit; so the more times a year the circle is completed, the more profits are made! Unsold stock is thus a brake on profits.

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Jul 5, 2026, 07:25 UTCen