commodity fetishism and markets
wpc at clyder.gn.apc.org
Mon Feb 5 13:16:39 MST 1996
Marx thinks that the law of value explains the workings of the market and
so the behavior of commodities. It's the nontransparency of value that
hassomething to do (it's not clear what) with the mystification. But now,
post Ricardo, or anyway post-Marx, we know the relevant laws, so agin,
where's the mystification?
The illusion is that commodities are valuable in themselves rather than
recognising that this is a
relation between people. The fact that marx and
ricardo wrote about this does not stop it happening.
Most people have not read them. 'The Market' is still
routinely presented as an elemental force analogous
to the weather.
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