Concise note by Marx on the genesis and functional importance of credit to capitalist valorization:

“Credit therefore is the means by which the capital of the whole capitalist class is placed at the disposal of each sphere of production, not in proportion to the capital belonging to the capitalists in a given sphere but in proportion to their production requirements — whereas in competition the individual capitals appear to be independent of each other. Credit is both the result and the condition of capitalist production.”  mecw 31. p 435

About HR

Deep in the adjunct crackhole.
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