THEORETICAL NOTES 51 and the mode of production in which the essence of this economy is unrecognized in principle in what he calls fetishism. Following his analysis of commodity, Marx replaces the false conception of a capitalist economy as a relation between things by its true definition as a system of social relations. Since bourgeois consciousness begins with the world as it presents itself "naturally", the task of Marx's critical theory was to expose reality from within the framework of perception itself. Marx's methodology involves a high level of abstraction which possesses at the same time a superior analytical power to explain the empirical reality, and to a certain extent predict the future course of a society given the level of its productive forces. Moreover, he makes it clear that the capitalist mode ^of production is the only one in which exploitation is mystified or fetishizcd into the form of a relation between things themselves. Therefore, to discover the truth of this social relation it was as necessary for Marx to attack capitalism as political economists.1 Money Capital and Labour Power The following note attempts to explain the analogy drawn by Marx in Capital (Vol III)Sbetween money capital as a commodity and labour power as a commodity in his analysis of the movements of interest bearing capital. In Marx's analysis, the two commodities (labour power and money) are simply reflections of one another. He is rather ironical while drawing an analogy between them. The full implications of his analogy could be understood in terms of alienation and fetishism of the commodity, which, according to him, is ultimately extended to the property of capital. Under capitalism, labour's self-expansion is only visible in its fetish form, and as interest bearing money capital, capital too assumes its pure fetish form. Thus Marx demolishes the myth that capital is an independent source of value. We begin by pointing out the historical process by which labour and capital emerge in capitalist production and the fundamental antagonism of their relationship to each other. The simple form of circulation of commodity is G-M-C, that is, selling in order to buy. But under capitalism commodity circulation takes a developed form. It is buying in order to sell, M-G-M. While under simple commodity exchange, the worker is himself the owner of the means of production, under capitalism the two are quite different persons. The buying and selling of labour power is a characteristic peculiar to capitalism. So far as the capital is concerned, "the expansion of value, which is the objective basis or