[she/they/comrade]
Forgive me, Marx, for I have sinned.
My matrix is @queercommie28:matrix.org
[she/they/comrade]
Forgive me, Marx, for I have sinned.
My matrix is @queercommie28:matrix.org
Intro to vandalism?
Meme drop part 1
Meme drop part 2
Meme drop part 1
Americans React To The Death Of Henry Kissinger
Cold War game I made a few years ago
Based boardgames?
Actually no, don't exempt the last one
There’s a gap we can fill
public service announcement
Roderic Day responded
Making Capitalism Great Again? A Critique of the “Rentier Takeover” Thesis
Passage from ‘Things fall apart’
Breht reacts to new atheist zionists
Americans Explain How They Are Ignoring The “Israel”-Palestine War
Americans Explain How They Are Ignoring The “Israel”-Palestine War
J Sakai
O Zionist You Will Die in Gazzah - Palestinian Communist Song
O Zionist You Will Die in Gazzah - Palestinian Communist Song
How can we find more left unity?
“The wealth of societies in which the capitalist mode of production prevails appears as an ‘immense collection of commodities’; the individual commodity appears as its elementary form. … They constitute the material content of wealth, whatever its social form may be. In the form of society to be considered here they are also the material bearers of … exchange-value.” (Karl Marx, Capital, Vol. I, p. 125-126) What is Marx telling the reader in this first sentence? The wealth of this society which constitutes its prosperity appears as a collection of commodities. The single element of this wealth is the individual commodity. And what is a commodity? A useful thing. Secondly, a thing with a price at which it exchanges for money. This wealth does not simply consist of being a useful thing that can be used to satisfy a need. If you have cooked your own food, then you have not produced a commodity, but a good meal. In this society, wealth does not come from the useful things which can satisfy needs. The useful thing is something else at the same time: a thing for sale.
From this commonplace observation, Marx draws a conclusion:
“Exchange-value appears first of all as a quantitative relation, the proportion, in which use- values of one kind exchange for use-values of another kind. … x boot-polish, y silk, or z gold, etc. each represent the exchange-value of one quarter of wheat. Therefore x boot-polish, y silk, z gold, etc. must, as exchange-values, be mutually replaceable or of identical magnitude. … [T]he valid exchange-values of a particular commodity express something equal … [They] are therefore equal to a third thing, which in itself is neither one nor the other.” (ibid., p. 126-127) If boot-polish, silk and gold are exchanged for wheat, or wheat is exchanged for the other three things, and these things are counted as equal in exchange, then these things must have the same substance. They must have a third thing in common which does not correspond to the use-value of the boot-polish or the use-value of the silk. The common third thing is well known to everyone. When people exchange and/or buy, they are aware that they must be careful about how much they get in the exchange. They have the idea that they can make a good exchange or a bad exchange. If this is true, then they also have an idea about a “correct” exchange ratio. What do they think would be the correct exchange? An exchange in which the owner gains nothing and loses nothing. But from the standpoint of use-value, one always gains when one exchanges. One gets what one needs, and one is willing to give something up for it. But if one has the idea of a “correct exchange,” then this does not apply to the use-value; then one thinks of the quantity: how much do I get for my money? The idea of the “correct” exchange refers to the value that one holds in one’s hands. The valid exchange-value of commodities expresses a match which is with neither one nor another commodity, but with a commonality of commodities. Now comes the conclusion that has caused so much surprise:
“If then we disregard the use-value of commodities, only one property remains, that of being products of labour. … All these things now tell us is that human labour-power has been expended to produce them, human labour has been accumulated in them. As crystals of this social substance, which is common to them all, they are values – commodity values.” (ibid., p. 128) Marx’s famous conclusion about labor has been taken to mean: what else should it be? All the other characteristics of commodities relate to the commodity’s use-value side. The weight, the odor, the solidity, whether one can listen to music with it, whether one can saw a board on it, etc. – in these respects, commodities differ. And it would certainly be absurd to exchange things that are the same. Nobody exchanges a kilo of salt for a kilo of salt. What do commodities have in common when one puts aside everything having to do with their natural qualities? Only that they are products of labor. [1]
Here one might say: this is trivial; of course, material wealth only comes into existence through labor. This is true in all societies. But it’s not that simple. The labor that forms the substance of value, thus the fact that the exchanged things are products of labor, is not the actual labor of individuals:
“ … [T]he labour that forms the substance of value is equal human labor … The total labour- power of society, which is manifested in the values of the world of commodities, counts here as one homogenous mass of human labour-power.” (ibid., p. 129) The labor which constitutes the substance of value is the socially necessary average labor time. The issue is not whether the labor is fairly rewarded and if one gets more by working more. Marx maintains here that the value of the labor product doesn’t depend at all on the individual labor that has actually been expended. Vice versa, the individual finds out how much socially valid labor has been realized with his individual toil from the price his commodity wins on the market.
Bourgeois economics have argued that goods rarely exchange exactly according to the labor hours incorporated in them. This is supposed to be a criticism of Marx, although Marx clearly says that it is not the real individual labor that forms the substance of value. It’s not as if Marx wanted to calculate the working hours that are measured in prices, only to realize that there is a divergence between the real amount of work and the price. This follows from what Marx has claimed – it does not rebut it! Marx wasn’t interested in calculating prices. He wanted to say something else, and he dealt with these objections in a passage in a letter to Kugelmann. The economists said to Marx: prove your concept of value; prove empirically that working hours is the substance of value and can therefore be used to calculate prices. Marx, however, contended that it is not a matter of having to prove value and its substance:
“The nonsense about the necessity of proving the concept of value arises from complete ignorance both of the subject dealt with and of the method of science. Every child knows a nation which ceased to work, I will not say for a year, but even for a few weeks, would perish. Every child knows, too, that the masses of products corresponding to the different needs required different and quantitatively determined masses of the total labor of society. That this necessity of the distribution of social labor in definite proportions cannot possibly be done away with by a particular form of social production but can only change the mode of its appearance, is self-evident. … And the form in which this proportional distribution of labor asserts itself, in the state of society where the interconnection of social labor is manifested in the private exchange of the individual products of labor, is precisely the exchange value of these products.” (Marx to Kugelmann, July 11, 1868, Letters to Kugelmann, p. 73)