As a result, for Marx, like a chain reaction, one person, who defaults on his or her debt, drags the others with him or her, in the sense that non-payment spreads down the line as each and everyone is waiting on the others’ notes in order to pay his or her debt so that one can settle his or her debt etc., hence the crisis. In the instance of a real crisis,“ bill circulation completely collapses, no one has any use for promises to pay, each wanting only to accept cash payment”[ 101 ]. And, in an unquantifiable burst of creative-power, central banks, in such moments of crises, arbitrarily and without notice, inject means of payment into the circuits of capitalism due to the fact that, akin to Marx,“ the amount of bills in circulation … like the amount of bank notes is determined solely by the needs of commerce”[ 102 ]. The needs of commerce underpin the functions and operations of the central banks. And the more this is the case, the more the central banks develop sufficient capabilities, outside so-called economic laws,“ to blunt the edge of … crisis” [ 103 ]. This is what transpired during the financial crisis of 2008, via a burst of creative-power and a massive level of unquantifiable value by the central banks, a slew of subjective, arbitrary, unforeseen, financial bail-outs, manifested instantaneously, out of thin air.
Ultimately, it is the creative-power within the central banks and not the labor-power within the production process that avert crises, that creates steadiness within the capitalist system as“ industrious trades [ men ]… require steadiness …[ so ] that he may be [ able ] to make his [ financial ] arrangements with confidence …[ and make ] money-leading a most profitable pursuit”[ 104 ]. This steadiness and confidence is the product of the unquantifiable value generated by creative-power, which is able to identify systemic difficulties and eliminate them. It is important to mention, that creative-power can also cause systemic difficulties and interruptions, hence, the reason for omnipresent surveillance and variable disciplinary measures to curb this creative-destruction. Nevertheless, this unquantifiable value cannot be scientifically measured and / or allocated an equivalent wage, as the ramifications of the unquantifiable value generated by creative-power can reverberate across all the capitalist modes of production, consumption and distribution. In this regard, creative-power, in a sense, becomes, according to Marx’ s musings in the Grundrisse, which contradict some of the core ideas he outlines in Volume 3, the new
great foundation-stone of production and of wealth. As soon as labor in the direct form … cease [ s ] to be the great well-spring of wealth, labor time ceases and must cease to be its measure. With that,… the direct, material production process is stripped of the form of ….[ socially ] necessary labor time … as sole measure and source of wealth. And calls to life all the powers of science and of nature, as of social combination and of social intercourse, in order to make the creation of wealth independent( relatively) of the labor-time employed on it. General social knowledge has become [ this ] direct force of production,… the general intellect … of the real [ accumulation and extraction ] process.[ 105 ]
Creative-power, the well-spring of both quantifiable and unquantifiable value, is in fact the engine of the real capitalist process, which resolves economic crisis, which stimulates capitalist growth and which socially constructs the arbitrary quantities of value, price, profit and wage through networks, managerial techniques and conceptual-perception, namely, via theories of conceptual-commodity-value-management. The idea is that value, price, profit and wage is subjective and moreover determined through the tension between warring networks, who vie for supremacy and control in determining market conditions and decision-making-authority over a specific sphere of production.
This inner tug of war, or warfare, embedded within the social construction of value, price, profit and wage is both psychological and physiological warfare in an effort to shape and manipulate conceptual-perceptions, pertaining to specific commodity / service values, prices, profits and wages etc. This intrinsic warfare is comprised of a variety of strategies and tactics, both mental and physical, both violent and seductive / gentle, laid-out across a variety of capitalist and state-institutions, designed to