ALB

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  • in reply to: Russian Tensions #230143
    ALB
    Keymaster

    https://en.m.wikipedia.org/wiki/2022_Danish_European_Union_opt-out_referendum

    The warmongers won the Danish referendum but, despite the wall-to-wall pro-Ukraine propaganda, one third of those who voted voted NEJ. I would say that’s a good result. It shows you can’t brainwash all the people all the time.

    I wonder what the result would be in other states sending arms to Ukraine to keep the killing and destruction there going.

    in reply to: Russian Tensions #230139
    ALB
    Keymaster

    Oh dear. Scotland lost to Ukraine. Only Wales can stop them now or we’ll never hear the end of it.

    in reply to: An Incontestable Argument for the Law of Value #230118
    ALB
    Keymaster

    This has already been done here. This from An ABC of Marxism on this site:

    Commodity. Commodities are items of wealth that have been produced for sale. Commodities have been produced in pre-capitalist societies, but such production was marginal. It is only in capitalism that it becomes the dominant mode of production, where goods and services are produced for sale with a view to profit.

    Under capitalism the object of commodity production is the realisation of profit when the commodities have been sold. These profits are mostly re-invested and accumulated as capital. Commodities must be capable of being reproduced, and this includes the uniquely capitalist commodity of human labour power. Reading Paresh Chattopadhyay, Socialism and Commodity Production, 2018

    in reply to: Russian Tensions #230103
    ALB
    Keymaster

    Mutual Assured Depression continues:

    https://www.bbc.co.uk/news/business-61643613

    in reply to: An Incontestable Argument for the Law of Value #230101
    ALB
    Keymaster

    It’s not that simple. See this article about the interaction in Britain between the minimum wage (paid by employers) and “working tax credits” (paid to employees by the government):

    Cooking the Books II :Boris’s gift nag

    in reply to: Russian Tensions #230091
    ALB
    Keymaster

    There is a referendum in Denmark tomorrow on whether or not to join the EU defence policy. This should give some measure of popular disagreement with the dominant pro-war narrative.

    This might be the sort of referendum in which socialists could vote No?

    https://www.aljazeera.com/amp/news/2022/5/31/denmark-set-to-vote-in-referendum-on-joining-eu-defence-policy

    in reply to: Russian Tensions #230076
    ALB
    Keymaster

    https://news.sky.com/story/amp/six-million-homes-could-face-winter-power-cuts-due-to-energy-shortages-report-12624000

    If that happens then people will decide that the pain involved in trying to save the Ukrainian regime is not worth it and the Tories will be booted out at the first opportunity. And good bye to Borys and Truss, the warmongers who thought that the public would put up with the pain that they inflicted.

    Incidentally, I thought the Russian riposte to Truss was amusing;

    https://tass.com/politics/1458023

    in reply to: Russian Tensions #230003
    ALB
    Keymaster

    Interesting observation by the Financial Times;

    “American officials have at times been annoyed with the tough talk from UK Prime Minister Boris Johnson and foreign secretary Liz Truss, who gave a speech in April calling to push Russia out of “the whole of Ukraine”. They have bristled at British calls for more aid or a more muscular response when the US has been the largest provider and has moved mass amounts of assistance into Ukraine at record speeds. ‘The British are actually a step out in front of the Americans, they keep looking over their shoulder to make sure they are being followed,’ said Jeremy Shapiro, research director of the European Council on Foreign Relations.”

    https://www.ft.com/content/315346dc-e1bd-485c-865b-979297f3fcf5

    in reply to: An Incontestable Argument for the Law of Value #229970
    ALB
    Keymaster

    I wasn’t meaning to suggest that “commodity” was a mistranslation of Ware, only that the word Marx chose to translate it into French made it absolutely clear that he was talking about something that was bought and sold and that this is what the English word “commodity” meant for him. “Commodity” was the obvious English translation, as it had been used by Adam Smith and Ricardo. In any event, there is no such English word as a merchandise.

    in reply to: An Incontestable Argument for the Law of Value #229967
    ALB
    Keymaster

    Talking of the French translation of Das Kapital, this was the one translation that Marx himself supervised and saw to print, in 1873. In it the German word Ware is translated as marchandise. Any English-speaker, even with no knowledge of French, can understand straightaway that what is being talked about is something that is bought and sold. In fact in French the primary dictionary meaning of the word is, precisely, “what is sold and bought”.

    It is clear, then, that the word “commodity” in the English translations means something that is bought and sold. There can be no argument that this is what Marx meant by the word. A product that is not bought or sold is not a commodity.

    There can be arguments about whether Marx’s concept of “value” (as opposed to “exchange-value”) can be applied to everything that is bought and sold and/or under all historical conditions but not about what the word “commodity” meant for Marx. That’s a closed argument.

    in reply to: Our 2022 local election campaign #229964
    ALB
    Keymaster

    We now have some more up-to-date figures of the number of times that the QR code was used to directly access a particular “landing page” on our website. Up to yesterday it was 72.

    As some 4700 leaflets were distributed in and around the ward, that is 1 in about every 67 leaflets distributed (or about 1 per street). This will be some sort of measure of the number who read the leaflet rather than dump it with all the pizza and other ads that fall through their letter-box.

    One peculiarity is that more (41) used the QR after the Election Day than before (31). This suggests perhaps that interest was not directly linked to the election.

    The next step will be to distribute a similar number of a similar leaflet over the same period (one month) in a similar area (inner London) when there is no election on.

    The area (inner London, Labour Party majority) may have had something to do with the absolute figure, as the Tunbridge leaflet in a different area with a different title and content brought only 4 QR responses from the 2000 leaflets distributed.

    in reply to: An Incontestable Argument for the Law of Value #229939
    ALB
    Keymaster

    Here are some key definitions in basic Marxian economics from An A to Z of Marxismon this site.

    Commodity. Commodities are items of wealth that have been produced for sale. Commodities have been produced in pre-capitalist societies, but such production was marginal. It is only in capitalism that it becomes the dominant mode of production, where goods and services are produced for sale with a view to profit.

    Under capitalism the object of commodity production is the realisation of profit when the commodities have been sold. These profits are mostly re-invested and accumulated as capital. Commodities must be capable of being reproduced, and this includes the uniquely capitalist commodity of human labour power.

    Value. A social relationship between people which expresses itself as a material relationship between things. The value of a commodity is determined by the quantity of socially necessary abstract labour time needed for its production and reproduction from start to finish. Price is the monetary expression of value in a market.

    Exchange value. A relative magnitude which expresses the relationship between two commodities. The proportion in which commodities tend to exchange with each other depends upon the amount of socially necessary labour-time spent in producing and reproducing them from start to finish. Commodities sell at market prices that rise and fall according to market conditions around a point regulated by their value and, more specifically, their price of production.

    Prices of production. In Marxian economic theory the ‘price of production’ is the price sufficient to yield the average rate of profit on capital advanced. From a business’s point of view this is cost price plus what the market will bear. Actual market prices fluctuate around prices of production through the equalisation of profit rates.

    An A to Z of Marxism

    in reply to: An Incontestable Argument for the Law of Value #229932
    ALB
    Keymaster

    Book Review: Socialism and Commodity Production: Essay in Marx Revival by Paresh Chattopadhyay, Leiden and Boston, MA: Brill, 2018; 308 pp.: ISBN 9004231641.

    By George Liodakis

    On the issue of commodity production, Engels and many socialist thinkers after him have argued that commodity production preceded capitalism and this implies that the law of value also applies to pre-capitalist societies (p. 101). The author, however, following Marx, points out that commodity production was only partial in pre-capitalist societies, ‘involving the exchange of surplus over immediate consumption, and the basic aim of production was use value and not exchange value’ (p. 230). Hence, the law of value cannot apply to these societies. Commodity production was generalized only under the capitalist mode of production and, therefore, the law of value singularly concerns the historical period of capitalism. As stressed by Marx himself, ‘the law of value for its full development presupposes a society of big industrial production and free competition, that is, the modern bourgeois society’ (p. 116, 149).

    Marx also observes that ‘the value form of the commodity is the economic cell-form of the bourgeois society’ and the author correctly points out that, in socialism, ‘the negation of capital automatically signifies negating exchange value or the product taking the form of the commodity’ (p. 63). As regards the ‘associated mode of production’, it is also noted that ‘This “union of free individuals”, the crowning point of the producers’ act of self-emancipation … excludes, by definition, private property in the means of production, the commodity form of the product of labour, wage labour and state’ (p. 232).

    https://journals.sagepub.com/doi/10.1177/0309816819827229e

    in reply to: An Incontestable Argument for the Law of Value #229922
    ALB
    Keymaster

    Yes, there has been some discussion as to whether products for sale in pre-capitalist societies where production for sale wasn’t the dominant mode (such as Ancient Greece and Rome) would be subject to the same economic laws as in a predominantly production-for-sale economy. For example, some of the products put on sale might be the surplus of a producer over and above their own needs, most of their production being for their own direct use. In such cases, would the price of what was sold reflect the amount of labour-time required to produce them?

    in reply to: An Incontestable Argument for the Law of Value #229915
    ALB
    Keymaster

    I think Engels’s definition of a commodity in his insertion well expresses what the term has always meant in Marxian economics:

    “In order to become a commodity, the product must be transferred to the other person, for whom it serves as a use-value, through the medium of exchange.”

Viewing 15 posts - 2,071 through 2,085 (of 10,403 total)