While we’re talking about
While we’re talking about banks, here’s a good criticism of the “nationalisation of the banks” put forward by many leftists and why it has nothing to do with socialism (the blogger calls it “communism” while we prefer “socialism” but anyway the two words mean the same).Here’s an extract:
Quote:
Communist relations preclude the existence of banks and the exchange value they express. Communist relations constitute the antithesis to bank relations whether private or public. The former are directly visible relations while the later are relations of reification. Consequently commodities cannot exist under communism. Products cannot assume the form of commodities under communist relations. They are just products. Consequently money and banks are superfluous.