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