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Showing posts with the label Capital

Reified and Deified - Our World of Things

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Can you imagine a world without capitalism? Yes? Are you sure the world you are imagining is truly free of capitalism? If not, why is this the case? In my last post we have discovered what value is, we have seen its true face and "history" (if you can call it such), yet we have not really touched its implications. We know what value is and how it manifests itself as the money-form but this still does not touch capitalist reality, we do not know much about how value dominates us. We shall at first again start with Marx own introduction to the fourth section of the first chapter of Capital: "A commodity appears, at first sight, a very trivial thing, and easily understood. Its analysis shows that it is, in reality, a very queer thing, abounding in metaphysical subtleties and theological niceties." -Karl Marx: das Kapital This is not unknown to us, in my last article we have already seen how value assumes very complicated forms, which are expressed as very simple relati...

The Eternal Debate About Value

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Over the last few months, I noticed one particular thing: What is value, anyway? And has "value" always existed, or is this category something peculiar to capitalism? And wait, what does all this have to do with commodity production? One question opened my mind to the next, but where are the answers? The Question Of Questions: What Is Value? Many Marxists already fail at this "simple" question, what actually is value in Marxist economic theory?  The wealth of those societies in which the capitalist mode of production prevails, presents itself as “an immense accumulation of commodities,” its unit being a single commodity. Our investigation must therefore begin with the analysis of a commodity. -Karl Marx:  Capital: Critique Of The Political Economy     Is the introductory sentence of Marx's work "Das Kapital" and already contains a lot of explanations about "value", first it is said that only in capitalist societies wealth occurs as an "a...