Markets without Capital

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Andreas Exner:

"You can differentiative two kinds of social dynamics in capitalism: (1) disintegration through money relations (competition, precariousness), (2) integration through the capital relation and its accumulation (wage labour, social infrastructure, the welfare state). If tendency number 1 is not counterbalanced by tendency number 2, than disaster is the immediate outcome: that is the misery in Africa. You can name it “markets (almost) without capital”." (http://keimform.de/2011/is-demonetization-a-really-good-idea/)