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Exchange Is No Robbery

 If use-value is not the basis by which exchange-value can be measured, what then is the “something" common to all commodities by which this can be effected?

 Take the two metals, iron and gold. Both are mined and brought to market where they exchange, weight for weight, in a ratio of some thousands to one. It is not their respective use-values that causes this exchange disparity, for while gold is a commodity essential to the capitalist mode of production, in that it is hoarded by the banks to back up the money-notes issued by them as currency, etc., a more than equal case exists for iron in that it is the material of industrialisation and its modem machinery and tools without which present-day society ceases to function.

The Age of Gold

                                What is here ?
    Cold ? Yellow, glittering, precious, gold ?
    Thus much of this will make black, white ; foul, fair ;
    Wrong, right; base, noble ; old, young ; coward valiant.
    What, this, you gods? Why, this
    Will lug your priests and servants from your sides,
    Pluck stout men’s pillows from below their heads.
    'I'his yellow slave
    Will knit and break religions; bless the accurs’d ;
    Make the hoar leprosy ador'd ; place thieves,
    And give them title, knee, and approbation,
    With Senators on the bench : this is it,

Running Commentary: Concentration Camp Art

Concentration camp art

Culture lovers and those looking for sound investments from which to pay the next gas bill will have found the Art Sales columns of the Daily Telegraph of 6 February interesting reading. Their correspondent was reporting the forthcoming sale at auction of a collection of concentration camp money, including notes issued at Dachau, Auschwitz, Buchenwald and the “show camp” Theresienstadt. Believed to be the best of its kind, with 1944 Auschwitz creations expected to fetch a top price of £875 each, the collection included an exquisite example of the yellow cloth "Jud” badge which Jews were forced to wear. Noticeably absent were the unique specimens of lampshade design of the period, although this does not appear to have deterred potential buyers. The lot was purchased by the auctioneers, Stanley Gibbons, at the knock-down price of £20,000.

Film Review: 'Gold'

Proceeds to charity

'Gold', directed by Peter R. Hunt

(A correspondent in South Africa has sent us this account of the screening of a film based on life there).

"Gold" has well-known actors in the leading parts, and several hundred Africans — of whom two are named in the printed programme. This film, recently screened in Johannesburg, was made in and around this city and London. It was produced with the co-operation of a major South African gold-mining corporation, so it would be safe to assume that it does not misrepresent the gold mining industry — adversely, at least.

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