ABSTRACT
The action of working defines a production-consumption, a flux-reflux, the only movement that inductive research can detect within the economies, even non-monetary ones. Money’s flow is immediately present within real production. Bank money therefore brings financial and real capital. Any economy devoid of banks would also be devoid of any net capital. But the substitution of bank money to “material” money has not just enabled the accumulation of capital: it defines capitalism, the regime of dual production or overaccumulation. Since the industrial revolutions, over-accumulated instrumental capital has created the material well-being of the societies. Now the time has come for simple accumulation, because over-accumulation now involves more costs than advantages. Entirely caused by over-accumulation, inflation and unemployment have become unbearable. After the reform of banks, investments will be financed by households’ savings that will thus convert all non-distributed profits.
