Basics,
Part 8a
Commodities
To supplement “Value, Price and Profit”,
here, attached, is a shortened (by removing one part) version of Chapter 1 of
Karl Marx’s greatest work, “Capital”, Volume 1. This is a text that has been
the material for many a political school. It begins with this tremendous definition
of commodities:
“The wealth of those societies in which the
capitalist mode of production prevails, presents itself as ‘an immense
accumulation of commodities,’ its unit being a single commodity. Our
investigation must therefore begin with the analysis of a commodity.
“A commodity is, in the first place, an
object outside us, a thing that by its properties satisfies human wants of some
sort or another. The nature of such wants, whether, for instance, they spring
from the stomach or from fancy, makes no difference. Neither are we here
concerned to know how the object satisfies these wants, whether directly as
means of subsistence, or indirectly as means of production.”
And Marx later says:
“A use-value, or useful article, therefore,
has value only because human labour in the abstract has been embodied or
materialised in it.”
The second section of the chapter explores this dual
character of commodities.
The third section, which contains quite a lot of formulas,
is omitted for the sake of brevity. Sections of the chapter that have been left
out can be read on Marxists Internet Archive.
The fourth and last section of the chapter is on the
Fetishism of Commodities, meaning that in a capitalist society the relations
between commodities replace the relations between people.
In commodities, writes Marx,
“the social character of men's labour
appears to them as an objective character stamped upon the product of that
labour; because 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.”
If there is a single purpose for Marx’s book it is to
re-make human relations so that they are between humans again, or in other
words, to restore human beings to themselves.
- The above is to introduce the original reading-text: Capital V1, C1, Commodities, Marx.
