Dear Gil,
I was trying to distinguish the capitalist property relation from the capitalist exploitation relationship.
The one is anterior to the capitalist production relation while the other is
concommitant with it. Usury is one of the capitalist property relation, which
was existent in the prehistory of the capitalist exploitation. The capitalist
property relation, I think, was the birth place of the capitalist production
relation. Merchant capital, for instance, existed before the capitalist production.
Chai-on with regards.