SV: M-TH: Capital is wrong

[Bob Malecki]

Ah George,

Which came first the egg or the chicken? In this case the "commodity" or "industrial 
capital". I would say the commodity thus laying the basis for the later industrial 
capital. 


Warm Regards
Bob Malecki

----- Original Message ----- 
From: George Pennefather <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Wednesday, March 08, 2000 9:28 PM
Subject: M-TH: Capital is wrong


> In the opening paragraph of Capital Marx proclaims:
> 
> 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.
> So the capitalist mode of production can prevail in more than one society.
> 
> To say that the "wealth of those societies presents itself as an immense 
>accumulation of
> commodities" is not true. Much of the wealth is in the form of industrial capital 
>which is
> not capital in the form of the commodity. This mistaken premise renders the validity 
>of
> making the commodity a starting point questionable on that basis.
> 
> Warm regards
> George Pennefather
> 
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