Money as a mediator of exchange is analogous to
Christ the mediator. Before it too we must kneel, we
gain our worth from money, its pursuit becomes our
goal in life, and it mediates between objects and us.
Annotations:
Christ is projected by human beings as the ideal mediator, whom we must worship, from whom we have our being, without whom we are worthless, and above all as the one who mediates between us and god and enables our salvation. So also does money become a quasi-divine mediator: before it too we must kneel, we gain our worth from money, its pursuit becomes our goal in life, and it mediates between objects and us.
General Formula of Capital
C-M-C = direct form of circulation.
We sell commodities in order to buy
more. Money acts as a kind of
middle-man. Use-value.
M-C-M = buy in order to sell; money is capital.
We exchange money for money, for more
money. M-C-M', where M' = M + excess
(Surplus-value). Exchange value.
Money = Value
Money represents the value of labor, but wage laborers
work to get money; it thus becomes a representation
that brings into being what it represents: it is easy to
see it as the source of that value, or as value
Wage Labor
“Socially necessary” labor
Annotations:
the quantity of labor needed under the average conditions of labor productivity
existing in a given country at a given time.
Commodity
Exchange Market
Use value
Exchange value
Labor Theory of Value: common quality
of commodity is Abstract labor
Determined by the quantity of
labor necessary to produce it.
Fetishism
Commodity Fetishism: prevent
people from seeing the truth
about economics and society:
that one class of people is
exploiting another. Hides labor.
Annotations:
“The Fetishism of Commodities and the Secret Thereof”
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.
Charles de Brosses term for
fetish claims fundamental
relationship to the study of the
history of religions.
Annotations:
An object attributed with superhuman and magical powers and thereby worshipped (in other words, an idol).
"An object attributed with superhuman and
magical powers and thereby worshipped (in other
words, an idol)."
Commodities gain life of their own
and begin to interact like social
beings; human social relations
become like relations between
things.
The more the worker puts into the product he is
making, the less the worker becomes. In the end,
the product becomes hostile, alien and
independent at the expense of the worker.
Commodities mark History: By placing an object in specific
historical context, religious artifacts act as
windows onto a particuar religious world
Marx reduces creativity to two
modalities: production and revolution
Commodity Fetishism (Pietz & Graeber)
Material objects are transformed by becoming
objects of desire or value, a value that often seems
somehow displaced, inordinate, or innapropriate
The creation of new institutions;
human creativity is a dimension of
action
Arbitrariness of value
The structural principle that a social field, or logical domain
cannot be constituted except in relation to something which is
not part of it, something transcendent or any way alien
Objects were the medium
Arbitrariness of value
Actions and creations
have power over us
Europeans obsession with issues of value
and materiality and lack of interest in social
relations as things valuable in themselves,
Africans made fetishes as a means of creating new
social responsibilities, forming new associations
Imaginary product based on
one's material cosmology
People were the ultimate form of wealth. Material objects
were interesting mainly insofar as they became entangled
in social relations, or enabled one to create new ones.
The paradox of power: only exists if
other people think it does
The paradox of creativity: Is
non-fetishized consciousness possible?
Relations of production:
relationship between
people who own the
means of production (the
capitalists) and those who
do not (proletariat)
Means of production:
facilities used in MOP:
machines, factories,
labor
Mode of production:
specific organization of
economic production in
a given society
Alienation
1. Estrangement from from the product of
his work and deprived of the right to own
the value of the goods produced by his
labour. Objectification.
The worker believes that he is a replaceable tool, and is
alienated to the point of extreme discontent. Here, religion
enters.
Activity dictated by the
Bourgeoisie, who own the
means of production and extract
surplus value
2. Estrangement of the worker from the
activity of production. He cannot express
his labor as a social aspect of personal
individuality
3. Alienation from “species-being,” or
human identity. Work essentially = life
purpose and core identity of the human
being.
4. Alienation of work to other workers:
reduces the labour of the worker to a
commercial commodity that can be traded
in the competitive market. Workers in
competition for "higher wages"
Social inequality
The antitthesis is Freedom
Indirect forced labor
Exploitation
Surplus value
Direct forced labor
Slavery
Price
Several components
Price of raw materials and
accessory products
Amortization of machinery and
buildings (renewal of fixed capital)
Wages
Surplus value e.g. profit,
rent, taxes, etc.
Religion
Religion hinders reason
and masks the truth by
misguiding followers
"Religion is the Opium
of the people"
Capitalism utilizes religion as a tool or
ideological state apparatus to justify this
alienation. Christianity teaches that those who
gather up riches and power in this life will
almost certainly not be rewarded in the next
Inspired by:
Feuerbach’s "The Essence of Christianity";
Religion and the gods were projections of
human beings. God is not a pre-existing being
who determines human existence; rather,
human beings determine god’s existence.
Marx
elaborates:
1. The place to begin analysis is
not in the heavens, but here on
earth
2. Such projections indicate that
something is wrong here on earth. Placing
their hopes and dreams elsewhere = they
cannot be "realised" here and now.
The presence of religion = sign
of alienation, of economic and social
oppression.
"The philosophers have only interpreted the
world in various ways; the point is to change it."
Religions' deceptions frustrate human
attempts to promote and take
responsibility for a better society. The
false promises of religion delude
humans into thinking that they need
not, or cannot, improve their own social
and economic conditions.
Annotations:
Hegel: the most real is mental or spiritual. Had difficulty
attributing the reality of all things to spiritual or mental consciousness,
even when the latter was understood in an absolute sense.
In Feuerbach’s view, religion is both
delusional and fallacious. And not only that: its deceptions frustrate all
human attempts to promote and take responsibility for a better society. By
according highest status to a supernatural deity, humankind remain poor; the
hungry stay hungry, society remains in a state of disrepair; and God is given
all honor and glory, especially from poor people, and those who suffer most
from the pervasive state of disrepair and economic inequality. The false
promises of religion delude humans into thinking that they need not, or cannot,
improve their own social and economic conditions. Religion is the product of
misplaced enthusiasm. The real religious energy ought not to be expended where
it can only be wasted, but ought to be direct toward improving the human
condition.
Under the idealist transposition, religion is a fabrication,
and the instrument of fabrication is simple projection. Human beings project
their needs and aspirations skyward. Religion is created and sustained by
speculative mental exercises in transcendental extrapolation.
Hegel's "Dialectics" operates
solely on ideas; (Marx's
dialectics is materialist)
Annotations:
Hegel: the most real is mental or spiritual. Had difficulty
attributing the reality of all things to spiritual or mental consciousness,
even when the latter was understood in an absolute sense.
This involves (1) making clear the internal rational structure of the Absolute; (2) demonstrating the manner in which the Absolute manifests itself in nature and human history; and (3) explicating the teleological nature of the Absolute, that is, showing the end or purpose toward which the Absolute is directed.”
Principle of Private Property
The Capitalists; Bourgeoisie:
those who own the property
The Worker; Proletariat: Those w/o
property therefore use their productive
capacities to serve capitalists
Illusions in relation
to the phenomenon:
The relation of the producers to the sum total of
their own labour is presented to them as a social
relation, existing not between themselves, but
between the products of their labour”. It is, like
religion and fetishism, an illusion.
Religion
Fetishism
Fetishistic transference: the
transference of human social
characteristics to objects and vice
versa.
A fetish is a God under process of
construction; Distinction between magic
and religion become meaningless
Memory as private property
Ideology
False set of ideas perpetuated by dominant
political forces"The ideas of the ruling class
are in every epoch the ruling ideas"
Superstructure
The conventions and culture that make
up the dominant ideas of a society.
Gramsci: the subordinated by the dominant
ideology willingly accepted it as "common sense"
Hegemony
The processes by which dominant
culture maintains its dominant position.