M-TH: Re: Capital is right
>>> Gerald Levy <[EMAIL PROTECTED]> 03/10/00 03:47PM >>> George Pennefather wrote: > Much of the wealth of capitalist society is > in the form of factories. Factories are forms of capital but not > commodities. The factories are a form of fixed capital. (Constant) fixed capital takes the commodity-form. Do you think it just drops from the sky? > It assumes the form > of money, Marx referred to gold as the "money commodity" (of course, a separate discussion is whether "commodity money" still has a role in understanding contemporary capitalism). > of circulating capital, (Constant) circulating capital also takes the commodity-form. How do you think that capitalists obtain the elements of constant circulating capital? Thus must go into the market and buy those commodities from other capitalists. > of variable capital. Labour-power is a (unique) commodity in Marx's theory. > The thousands of cars on the roads and televisions and computers in > homes are not > commodities. They are use values. They are commodities which are in the process of being consumed (and thereby lose their use-value and exchange-value over time). > The plain fact > is that Marx in his opening statement was plain wrong. Someone is "plain wrong" on this subject ... but it's not Marx. ** CB: Let me buy you a drink, Jerry. We finally agree. Labour-power as a commodity is one of the defining characteristics of capitalism. Charles --- from list [EMAIL PROTECTED] ---
M-TH: Re: Capital is right
George Pennefather wrote: > Much of the wealth of capitalist society is > in the form of factories. Factories are forms of capital but not > commodities. The factories are a form of fixed capital. (Constant) fixed capital takes the commodity-form. Do you think it just drops from the sky? > It assumes the form > of money, Marx referred to gold as the "money commodity" (of course, a separate discussion is whether "commodity money" still has a role in understanding contemporary capitalism). > of circulating capital, (Constant) circulating capital also takes the commodity-form. How do you think that capitalists obtain the elements of constant circulating capital? Thus must go into the market and buy those commodities from other capitalists. > of variable capital. Labour-power is a (unique) commodity in Marx's theory. > The thousands of cars on the roads and televisions and computers in > homes are not > commodities. They are use values. They are commodities which are in the process of being consumed (and thereby lose their use-value and exchange-value over time). > The plain fact > is that Marx in his opening statement was plain wrong. Someone is "plain wrong" on this subject ... but it's not Marx. Jerry --- from list [EMAIL PROTECTED] ---
M-TH: Re: Capital is right
Yea , I was wondering about that. CB >>> Gerald Levy <[EMAIL PROTECTED]> 03/09/00 12:44PM >>> So, you think that "industrial capital" does not take the commodity-form? To have a circuit of industrial capital, capitalist production requires - labour-power, - constant circulating capital, and - constant fixed capital, *all* of which take the commodity-form. Jerry --- from list [EMAIL PROTECTED] --- --- from list [EMAIL PROTECTED] ---
M-TH: Re: Capital is right
So, you think that "industrial capital" does not take the commodity-form? To have a circuit of industrial capital, capitalist production requires - labour-power, - constant circulating capital, and - constant fixed capital, *all* of which take the commodity-form. Jerry --- from list [EMAIL PROTECTED] ---
