21, జనవరి 2012, శనివారం

An Introduction to Marx’s Capital—Part-9


(This is based on and mostly from “Marx’s Capital” written by Ben Fine and Alfredo Saad-Filho)

                            (For Part-8, please see the blog entry dated 19-1-2012)

Chapter-2—Commodity production

The Fetishism of commodities

  1. In our earlier study, we came to the conclusion :

a)      The concrete labours (different kinds of labours) produce different kinds of use values (useful things) at different workplaces.

b)      In the exchange of these use values as commodities in the market, these concrete labours are brought together and measured against each other.


c)      Such measuring of concrete labours against each other is possible since all concrete labours (all the different kinds of labours) are nothing but abstract human labour or abstract labour    (labour in which the brain and muscle of human beings is expended).

d)      The measurement of the abstract labour is done as socially necessary labour time, that is labour time socially required to produce the commodity. Thus the value of a commodity is equal to the socially necessary labour time required to produce it.

e)      The prices of commodities in the market in money terms express the fluctuations around this value (labour time socially necessary to produce the commodity) depending on the supply and demand, skills, scarcities, monopolies, tastes etc.

f)       In essence what is involved in the exchange of commodities is a social relation, the socially necessary labour labour time for producing the commodities. It is essentially the relationship between the labour of the individual producer to the sum total of the labour of all the producers. The value of a commodity is nothing but the measuring the labour of the individual producer with the total labour of the society, that is social labour.

  1. But to many economists contemporary to Marx and to all subsequent mainstream economists, this relationship between the workers and the products of their labour does not appear as a social relation (that is, the the value of the commodity as the socially necessary labour time, as a social relation wherein the labour of the worker is measured as part of the total labour of the society). It appeared as a relation between things, say x commodity=y commodity, or one worker week=so much standard of living (wage bundle).

  1. Thus while capitalism organises production in definite social relationships between the capitalists and workers, these relationships are expressed as and appear in part as, relationships between things, the relations between commodities. These relationships are further mystified when money enters into consideration, and every thing is analysed in terms of price.

  1. Marx calls such a perspective on capitalist world where the relations between people in producing the use values appear as the relationships between the commodities, as the fetishism of the commodities (fetishism is the attribution of religious or mystical qualities to inanimate objects) of commodities. Thus under this commodity fetishism, the commodities are attributed mystical qualities which actually they do not have. They appear as if they are independent beings endowed with life, and entering into relation with one another and with the human race.

  1. This fetishism is most apparent in modern economics where labour power is treated as an input or factor like any other factor or input. According to them, the factor labour power gives the reward of wage to the worker and the factors of means of production (land, building, machinery, raw materials) give the reward of profit to the capitalist. Thus the inanimate object machene was attributed the mysterious quality of rewarding profit to the capitalist! This, Marx called as ‘Commodity fetishism”.

  1. Under feudalism, the kings, nobles and priests took possession of the products of the labour of the peasants or artisans without any remuneration. But the  the God, who is the creation of human beings, justifies such relationship of exploitation and it appears as if that relationship of exploitation was ordered by the God and by birth some are kings and by birth some are peasants.

  1. The newly arisen capitalist class in England and especially in France questioned this fetishism of religion where in the exploitative relationship appears as a divine order. They campaigned that all men were equal by birth and the feudal exploitation, the exploitation of peasants by the kings, lords and priests should end.

  1. But capitalism itself has its own God and bible. The place of religion is substituted by free market exchange. It is said that in market, the owners of commodities exchange their commodities freely on the basis of negotiation and bargain. It is also said that the worker is the owner of his commodity labour power, and in the market, he sells it at his own free will, to the capitalist in return for wage. Therefore it is a just order free from exploitation.

  1. Thus the exploitation of the worker is concealed behind the exchange of commodities in the market. But there is a major difference between the religious fetishism and commodity fetishism. Whereas a God is a mental creation without any actual existence, the commodities have a real existence, and their exchange represents, and to some extent conceals the real social relationship of production. Similarly the price system exists and is attached to the broader economic and social system, but without making the nature of such social system transparent.

  1. In particular, buying and selling commodities does not reveal the circumstances by which they have come to the market, or the exploitation of the direct producers of the commodities, the wage labourers, by the capitalist class.

  1. To reveal the nature of this exploitation, Marx’s emphasis is upon prices as value system determined by the class relations (relations between capitalists and workers) of production and exploitation.

  1. This commodity fetishism where the class relations in production appear as exchange relations between commodities, results in alienation. Alienation means the separation of things that naturally belong together. Alienation in society (social alienation) means separation of people from aspects of their human nature.

  1. In capitalist society neither the worker nor the capitalist is able to be the director of their own actions. The worker is divorced from the product of his labour since it is owned by the owner, the capitalist. Besides this, the worker has no control on the work process itself. Since the worker sells his labour power to the capitalist, the way of exercising that labour power, that is, the labour process, is decided by the capitalist. Thus the worker has no control on his work process and on it the product of his work. He is alienated from both.

  1. The capitalist also is alienated in capitalist society. His actions are not decided by himself. His actions are decided by the imperatives of profit, competition, stock market etc. Thus the capitalist is subject to social control.


  1. For both the capitalist and the worker it appears that external powers exert this control, and not their social relations in production, as capitalist and worker. When a capitalist becomes bankrupt, or when a woker loses job, they blame an impersonal force or thing like the break down of a machene, changes in the consumer preferences, competition or economic crisis, but will not understand it as the result of the capitalist relations of production, as the result of the relations of production established between them as capitalist and worker.

  1. Now a days “globalisation” has been understood as a generic (characteristic of the whole group), especially religious term, as being able to explain all things good or bad about contemporary capitalism.

  1. But on what basis competition, economic crisis and globalisation have to be understood? To do this, we must go beyond this mysticism. We must start witha clear understanding of the social relations underpinning the capitalist production, rather than fetishise (attribute religious or mystique qualities) its effects.

  1. But however well understood, it is not possible to wish away the price system by an act of will. But like the religious fetishism, the underlying realities of capitalist system are grasped from time to time through the consequences of daily practices. The reflection of such realities (like unemployment, poverty, price rise, vast inequalities,  economic crisis)  becomes the subject of both material and ideological struggle(The occupy wall street movement in the highly developed capitalist country USA questioning the inequalities in the capitalist system is an example in this regard).

  1. The existence of profits, interest and rent indicates that capitalism is exploitative; the unemployment, economic crisis, vast inequalities, environmental degradation and so on are making the realities of capitalism transparent.

  1. This raises two closely related and hotly debated issues:

a)      The first is methodological and analytical question of how to order the diverse empirical (known by direct observation) outcomes associated with capitalism. Can we deal with inequality independent of class relations—the relations between capitalist class, working class, landlords, peasantry etc? Can we deal with poverty apart from economic and other forms of exploitation? Can we deal with growth separately from crisis?

b)      The second is , to what extent are such conditions like unemployment, poverty and economic crisis are endemic ( natural character) to capitalism  and  whether they can be reformable within capitalism?

  1. One of the strengths of Marx’s “Capital”, acknowledged by friend and foe alike, is that it has pointed out the systematic character of capitalism, that is, the inherent character of capitalism and its essential features. By the same token, Marxism’s antipathy to reformism (reforming the capitalist system) other than as a broad strategy for socialism, is based on the inevitable limitations within the confines imposed by capitalism.

  1. The concept of commodity fetishism evolved by Marx forges a link with his earlier theory of alienation in his work “Economic and Philosophical Manuscripts of 1844’’ (the year 1844). The 1844 theory of alienation is centred on the individual,s relationship to physical and mental activity, fellow beings and consciousness of these processes. In “Capital”, after extensive study, Marx is able to make explicit the coercive forces exerted by the capitalist society on the individual. These coercive forces are the compulsion for profit and wage and the subtle distortions by which these forces are ideologically justified: abstinence, work ethic, freedom of exchange and other aspects of commodity fetishism. Marx’s theory of alienation places the individual in a class position (individual belonging to a class- capitalist class, working class, landlord class, peasantry, agricultural labour etc) and analyses the perception (awareness) of that position.

  1. Such analysis based on the position in the class is not about the powerless individual in an unexplained system of irrationality, impersonality, inequality, authoritarianism, bureaucracy or whatever. These phenomena have their own character and function in capitalist society at a particular time. They can be only understood as a whole or in relation to individuals against the perspectives of the workings of the capitalism.

 This will be explained in our further study.

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