Friday 9 October 2015

What is "fetishism of commodities" according to Marx?

According to Karl Marx's Capital, fetishism of commodities refers to the way people view products as having inherent value. Commodity fetishism abstracts the social relations of labor that result in the production of commodities; rather than understanding value as a function of the proletarian labor utilized to produce a commodity, people tend to view the commodity as inherently valuable due to economic relations. Rather than exchange between people, value is understood in the abstract...

According to Karl Marx's Capital, fetishism of commodities refers to the way people view products as having inherent value. Commodity fetishism abstracts the social relations of labor that result in the production of commodities; rather than understanding value as a function of the proletarian labor utilized to produce a commodity, people tend to view the commodity as inherently valuable due to economic relations. Rather than exchange between people, value is understood in the abstract as a relationship between nonliving objects- commodities and currency. This view is the result of how invisible the process of production can be in a capitalist society. The manufacture of products is not seen by the public, and access to product of the working class's labor is limited to institutions which sell products. Therefore, people can only understand commodities in the abstract, because they are unable to access the social relations of the process of production.

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In "By the Waters of Babylon," under the leadership of John, what do you think the Hill People will do with their society?

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