Why does credit arise?
Credit arises as a means of payment, loans develop for industrial capital (borrowers and lenders emerge, globally), bankers act as representatives of social capital (interest bearing capital as social capital). As credit arises from the needs of capitalism, so too do social democrat arguments about financial regulation or reform.
This chapter got us thinking about the function of workers’ collective debt and savings. The social level of saving at some point effects the total level of capital that can be lent out. Anyone got any suggestions for what to read on this? (Post links eh).
Reading Capital in Sydney 
Excuse me, are you a MORON? Your understanding of Marx’s analysis of the capitalist production process is rudimentary at best and wrong at worst. If you didn’t seriously study Marx enough to understand his analysis, you shouldn’t be writing about it.
Sincerely,
Jeffrey Stewart