M-C-M

http://monthlyreview.org/2010/10/01/the-financialization-of-accumulation#en70

This is pure gold thinking!  It takes some time to read but the last paragraph convincingly sums it up nicely.

Never before has the conflict between private appropriation and the social needs (even survival) of humanity been so stark. Consequently, never before has the need for revolution been so great. In place of a global system given over entirely to monetary gain, we need to create a new society directed at substantive equality and sustainable human development: a socialism for the twenty-first century.

C=commondities.  M=money.  It explains the difference between C-M-C, exchanging commodities for money to get more commodities and M-C-M exchanging money for commodities to get more money.  For example exchanging the commodity work for money to buy a car (C-M-C) which is the economics of the worker or those that deal in other real commodities of intrinsic value to gain other commodities through the medium of exchange in the relationship.  Basically, bartering things of intrinsic value.

M-C-M is the financial model of business to exchange money for commodities to exchange or more money.  When the commodity money is exchanged for in this situation, a financial commodity represented by a financial paper related to a real commodity, perhaps leveraged on the thing of real value or in the extreme, based on nothing of real value except some idea of future value, (greater sucker theory), things get out of hand quickly!

Things have gotten out of hand quickly.

Karl Denninger advocates the guillotine.  http://market-ticker.org/akcs-www?post=208374  I say take those that got rich on fraud in the financial market scams and condemn them to live on an amount of money equal to the average income of the hourly wage worker. They may choose wherever they wish to live in the state of Kansas with a population of less than 100,000.  They may not make nor may they spend more than the average income amount per year for life.  Can they claim that is punishment?  Let them complain in an LTE to the local newspaper.  I would call it justice.  All their money transactions must be made from a controlled bank account.  It is like placement in a witness protection program in reverse.  They would be publicly known and the town would (must) choose to accept them.  That makes it more like the sex offender model.  Call them financial offenders.  They must live among the hardworking people they have offended by their fraudulent manipulation of a commodity of true value; Labor, with a paper value financialization of it that seeks to live like a blood sucking speculative financial leach.  That leach is the model of Money exchanged for Commodity to make more Money where the commodity itself is simply money itself.  Hmmm...sounds like the interest on debt model......a global system given over entirely to monetary gain.