A RE-CONCEPTUALIZATION: INTERNAL CONTRADICTIONS OF CAPITAL AND THE SHIFTS WITHIN SURPLUS VALUE

The article aims to show that the capitalist mode of production has begun to lose its productivity and historical base due to the rising domination of unproductive capitals at the expense of capital in general and that such a self-destructive process should be explained as the result of the declining productivity of capitalism (not capital productivity), which is embedded in the definition of capitalist commodity production and surplus rather than the tendential fall in the rate of profit. It argues that such a structural problem cannot be solved thanks to the newly industrializing regions in the world. The article re-conceptualizes the internal contradictions and dynamics of capital as well as Lenin's conception of finance capital.