Sorry to push the same objection to Marx again in another form, but
sometimes you got to repeat some things...
To excuse myself, I've added lower another related one added as a bonus.
> The weather may well have created oil, gas, coal,
> diamonds but as long as they remain in the ground,
> not worked by hand, they remain raw materials and
> possess neither use value nor exchange value.
The oil doesn't but the mere presence of unprocessed oil down there grants
exchange-value to the field. This is because people believe that it will be
worked later by labour, but if they believed the product will not be worth more
than the labour, capital, and normal rate of profit necessary to pump it, they
would not value the field more than surrounding land.
> Raw materials - wood, iron, diamonds, coal only come onto
> the market and become commodities once they have been
> worked by hand in some way.
Even this is inexact because they are futures markets where commodities
which do not yet exist are traded. I don't know if it was already like that in the
19th century, but at any rate this was not as widespread as it is now.
Marx is not very helpful on finance. While finance is only a superstructure to the
real relations of production and to the physical process of production built on
fictions and imagination, it is currently very important.
_______________________________________________
Crashlist resources: http://website.lineone.net/~resource_base
To change your options or unsubscribe go to:
http://lists.wwpublish.com/mailman/listinfo/crashlist
