"Capital is money, but money as a process, which reproduces and increases its value. Capital arises only when the owner of the means of production finds workers on the market as sellers of their own labor power. Capitalism developed as the form of private property that shifted from the rural agricultural style to the urban, factory style of labor. Capitalism centralizes the instruments of production and brings individuals closely alongside of others in a disciplined work force. Capitalism is industrialized commodity production, which makes goods for profit, not for social needs. This is a special distinction of capital and capital alone. We may understand Capitalism and the basis of our observations, as Capital endowed with will and consciousness. That is, as those people who acquire capital, and function as an elite, moneyed class with enough national and political power to rule society. Further, that accumulated capital is money, and with money they control the means of production that is defined as the mills, mines, factories, land, water, energy and other natural resources, and the rich know that this is their property. They don’t need ideological pretensions, and are under no illusions about “.”"
January 1, 1970
https://en.wikiquote.org/wiki/Capitalism