[Marxism] The Republicans and the gold standard

Daniel Rocha danieldiniz at gmail.com
Wed Aug 29 09:20:45 MDT 2012


It doesn't need to be gold, as long as it is something that can objectively
represent labor value. It is a labor that is transformed directly into a
commodity that is identified with money. It could be silver, copper. I
think, personally, that it would be possible to have an energy based
standard, electric energy, although it is something more delicate to keep
than metals. Can you give an example of what better ways are to peg the
value of money that does not rely on market speculation?

2012/8/29 Mark Lause <markalause at gmail.com>

>
> Critics of the gold standard (and capitalism) argued, very rightly,
> that there could be better ways to represent labor in exchange--and to
> avoid circumstances where the means of exchange could not itself be
> monopolized and used for profit.
>
>

-- 
Daniel Rocha - RJ
danieldiniz at gmail.com



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