PROPERTIES OF MONEY AS FRAUDULENT CAPITAL

Authors

  • V. S. Voloshin State Higher Educational Institution «Priazovskyi State TechnicalUniversity», Mariupol., Ukraine
  • A. V. Babenko State Higher Educational Institution «Priazovskyi State TechnicalUniversity», Mariupol., Ukraine
  • L. G. Kapranova State Higher Educational Institution «Priazovskyi State TechnicalUniversity», Mariupol., Ukraine

DOI:

https://doi.org/10.31498/2225-6725.28.2014.42251

Keywords:

money, capital, fiat money, deceptive capital

Abstract

There are many examples where unsecured (fraudulent) capitals and huge fortunes were cobble together and  went bankrupt. The peculiarity of this phenomenon lies in the fact that the lack of labor in the surplus capital makes it interesting for fraudulent schemes, helps to create fraudulent capital that  does not contain any significant material component in the form of surplus product. In contrast to the real capital, fraudulent capital is not secured by human labor. Then the question arises - what is the basis of fraudulent capital profit? Literature gives an objective response. This is a deception, a reallocation of capital disproportionate to the performance. Money has a unique feature - a universal means of lending,  the property of being a source of  to unrealized labor or services. No other artificial system is able to manifest such properties – lend labor unsecured by previous results, giving added value. The article shows that money as a commodity in financial transactions has an appeal for fraudulent capital. This practice occurs and is one of the reasons of local and global economic crisis. Over the time, this path will still lead the economy to a standstill.

References

  1. K. Marx. Capital. Vol.1, p.141.
  2. Boisguillebert. «Dissertation sur la Nature des Richesses, de l'Argent et des Tribute», édit. Daire, «Économistes financiers». Paris 1843 t. I, p. 413.419, 417).
  3. H. Odum Energy basis of man and nature. / G.Odum, Yu.Odum. - Moscow: Progress, 1978. -437 p.

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Published

2014-11-06

How to Cite

Voloshin, V. S., Babenko, A. V., & Kapranova, L. G. (2014). PROPERTIES OF MONEY AS FRAUDULENT CAPITAL. REPORTER OF THE PRIAZOVSKYI STATE TECHNICAL UNIVERSITY Section: Economic Sciences, (28), 8–12. https://doi.org/10.31498/2225-6725.28.2014.42251