The world can stand more, a lot more, people with their needs and sensible wants met but it can't stand the economic arrangement that enables the number of suburban McMansion SUV yatch parties to be sustained or grow. — fdrake
I followed with Harvey's 17 Contradictions of Capital, which while attempting to provide a contemporary entry point to Marxist theory unfortunately doesn't jettison the theoretical jargon of alienation and value theory — fdrake
Yes, I recall one fairly valid criticism of Marx's concept of Value was that a commodity with a higher socially necessary labor time should correlate to higher prices, but this is often not the case as you point out. But to Marx's credit, his general method throughout Capital is to work from an abstract ideal of Capitalism, outside of external forces, in order to demonstrate that Capitalism, as posited by the Bourgeois economist, in its abstract-logical workings, contains internal contradictions, manifesting themselves into substantive conflicts. But I think this also limits his arguments in some areas as well. — Maw
So is Crises of Neoliberalism worth picking up then? I remember when it first came out, but it's been sitting in my Amazon cart for many years. — Maw
As far as I'm concerned, the point of Harvey is that it's not like that in Marx either. Value might be produced during the process of production but is realised in the market and when it's not, you'll eventually have a crisis. — Πετροκότσυφας
When we talk about the prices of all commodities, we are by definition leaving one commodity out—the one commodity in the capitalist economy that does not have a price. And what commodity by definition has no price? The money commodity. Since the money commodity serves as the standard of price, it itself cannot have a price. Only if we imagine that money is not a commodity can we talk about the prices of all commodities. Let N equal the total quantity of commodities. The total sum of commodity prices will always leave one commodity out. We can add up the prices only of N – 1 commodities. — Critique of Crisis Theory
:clap:Finished V1 of Capital — Maw
Bruce Pascoe - Dark Emu — StreetlightX
Also, I've been sniping with my family over just this question recently so I decided I need to get educated! — StreetlightX
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