Definitions HQ

A Merchant (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠a man who takes over selling as his special business; nothing happens to the linen in his hands except a change in the person of its owner.

A Merchant (n.) lets ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠the producer keep less money idle in reserve — the trader's capital is the industrialist's cash buffer, shrunk and handed to someone else.

Merchant (n.) hold ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠most of the money capital where production is undeveloped, so their wealth simply is monetary wealth for everyone else.

A Merchant (n.) not ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠only realizes his profit in circulation, as the industrialist does; he seems to make it there.

A Merchant (n.) does ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠not sell above value; he sells at value because he bought below it — the industrialist hands him a slice of surplus-value in the purchase price.

A Merchant (n.) merely ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠anticipates, with his money, the final consumer's payment.

A Merchant (n.) does ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠not choose between selling much at a small profit or little at a large one; both limits of his price are beyond his control — he can only choose whether to deal in dear goods or cheap.

Merchant (n.) are ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠not mediators between producers and consumers but intermediaries in an exchange among producers that would go on in thousands of cases without them.

A Merchant (n.) buys ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠and sells for many, so buying and selling cease to be tied to anyone's direct need.

The Merchant (n.) sided ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠politically, in modern England, with landed and financial aristocracy against industrial capital — Liverpool against Manchester and Birmingham.

Merchant (n.) daily ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠rob the whole world, while a knight robs one or two people once or twice a year — so God uses robber-knights as devils to punish them.

A Merchant (n.) lets ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠the manufacturer who shares his capital with the wholesaler and the retailer do the same work with only a third of it, because the manufacturer finds a buyer far sooner than he would find a consumer.

A Merchant (n.) as ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠mere buyer and seller is a machine for reducing the expenditure of useless energy, shortening many producers' selling time without making his own labour productive.

Merchant (n.) are ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠wage-earners and landlords and producers are wage-payers; the costs of trade, though necessary, are a burdensome expenditure.

A Merchant (n.) brought ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠in to remove all difficulties with his money only passes the unsaleable goods down a chain whose last link is stuck exactly where the producers of department I began, face to face with department II.