Reading Capital With Comrades #3: MONEY (Ch. 2-3)
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Apr 26, 2021 Dive into the fascinating world of money and exchange! Discover how money evolves from barter, transforming the dynamics of trade. Explore the contradictions between use-value and exchange-value and their implications in today’s economy. Unpack the complexities of price versus value, particularly in the context of sanctions and tariffs. Learn about money’s roles as a measure of value and medium of circulation, and navigate the intricate relationships that shape our capitalist realities.
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Contradiction in Capitalism
- Marx uses "contradiction" to describe opposing forces within a situation, like labor and capital.
- These contradictions drive development and transformation, as seen in dialectical materialism.
Base and Superstructure
- The base (economic system) shapes the superstructure (institutions).
- Capitalism's superstructure enforces property and business rights, while socialism prioritizes worker rights.
The Origin of Money
- Money arises from commodity exchange, not the other way around.
- It represents and obscures the social relation of labor.