New Year's Resolution: Abolish Capitalism

 "Since money does not disclose what has been transformed into it, everything, whether a commodity or not, is convertible into gold. Everything becomes saleable and purchasable. Circulation is the great social retort into which everything is thrown and out of which everything is recovered as crystallized money. Not even the bones of the saints are able to withstand this alchemy; and still less able to withstand it are more delicate things, sacrosanct things which are outside the commercial traffic of men. Just as all qualitative differences between commodities are effaced in money, so money, a radical leveller, effaces all distinctions. But money itself is a commodity, an external object, capable of becoming the private property of an individual. Thus social power becomes private power in the hands of a private person."


                                          -------Karl Marx


Source: Lewis Mumford, Technics and Civilization, (Harcourt, 1934) pps. 23-4

 •  0 comments  •  flag
Share on Twitter
Published on January 03, 2021 12:01
No comments have been added yet.


Michael K. Smith's Blog

Michael K.   Smith
Michael K. Smith isn't a Goodreads Author (yet), but they do have a blog, so here are some recent posts imported from their feed.
Follow Michael K.   Smith's blog with rss.