#commodity

[yngwrthr]

Marx’s theory of value (re divergence of value from price) explains the foundation of surplus profit, which is significantly related to the unprecedented wealth of contemporary moguls, and its association with technological advancements/ increased productivity— eg in industrial production, specifically improvements in machinery, more productive factories. With related technological improvements, more productive units become the measure of price (exchange value). But these technological improvements are not instantaneous — eg because all branches of production are not the same. Thus there are varying degrees of productivity. And the least productive initially influences market price/ exchange value. Hence surplus profits for higher productivity, while market price fluctuates above market value. However, after a certain point, surplus profits “equalize” with average profits via competition, market price gravitates closer to market value, and the rate of profit becomes the same for capitals across the board. Again.. this presupposes that re- production of means of subsistence/ labor/ society is determined by production of surplus value (profits / rent) and the “law of market value”.

Finally, Marx’s examination of surplus profit notes how the law of market value creates a “false social value”, based on exchange value instead of value, that exploits society in terms of consumption/ consumers. For me, this offers an important theoretical foundation for organizing exploited workers at the point of consumption in addition to organizing at the point of production. And not only against capitalist producers but against the landlords as well; particularly with present, even more exorbitant rents and related surplus profits.

#Marxism #Marx #value theory #law of value #value #value form #exchange #exchange value #commodity #money #price #market value #market price #capital #profit #rent #surplus value #surplus profit #commodity production #capitalist commodity production #capitalism #socialism #communism

[fieriframes]

[Bombay is a city where gossip is treated as a commodity.]

#s32e10 beef bonanza #guy fieri #guyfieri #diners drive-ins and dives #bombay #city #gossip #commodity

[nando161mando]

#riot grrrl #riot girl #let's start a riot #riot #commodities #commodity #free #insurrection #161 #1312 #antifa #antifascist #antifaschistische aktion #anti capitalism #anticapitalista #anti capitalist love notes #anticapitalistically #anarchism #anarchist #anarchocommunism #anarchopunk #anarcho syndicalism #anarchofeminism #eat the rich #eat the fucking rich #ausgov #politas #auspol #tasgov #taspol

[thoughtportal]

Julia was twenty-six years old... and she worked, as he had guessed, on the novel-writing machines in the Fiction Department. She enjoyed her work, which consisted chiefly in running and servicing a powerful but tricky electric motor... She could describe the whole process of composing a novel, from the general directive issued by the Planning Committee down to the final touching-up by the Rewrite Squad. But she was not interested in the final product. She "didn't much care for reading," she said. Books were just a commodity that had to be produced, like jam or bootlaces.                         

From 1984 (Nineteen Eighty-Four),              by George Orwell. Published by Secker & Warburg in 1948 Additional resources -          

#nineteen eighty four #george orwell #AI #novel writing machine #books #fiction department #commodity #ChatGPT

[ecologyalike]

How about if tourism was stripped of its commodity logic?

Photo by Elizeu Dias on Unsplash

In the capitalist world, tourism is a commodity, a consumer good to escape life's worries, a getaway from the everyday mundane wage-earning reality, and a highlight of a few weeks of annual leave. Once packaged as a commodity, we also demand that it delivers what the wrapping promises. “A worry-free time with good food, sun, and easy access to a few Instagrammable destinations to share with friends and family.”

But there is a deeper meaning for travel beyond what a holiday package can offer. This deeper meaning is rarely met if the starting point is to define tourism as a commodity. If the travel were a pilgrimage, a lifelong learning journey focused on exploration and making new connections, it would start to resemble a different animal altogether. 

If the purpose of the travel would be an inner practice of meeting and experiencing culture, environment, and people, it would mean staying on the often-uncomfortable edge, experiencing something different from your familiar surroundings. Travel - a pilgrimage into your life on the planet earth shared with others.

And as a pilgrim, you would not be looking for luxury and comfort because you did not travel there to consume what “they” or the place can offer, searching for the cheapest and most authentic experience from an online app. Instead, you would be there to learn about yourself, reflect on your reactions when meeting the new, and practicing seeing “them” as equals with mutual wonder and reciprocity.

The world of uncommodified tourism is not a one-way street where only you can go and take what is available; it is open to travel in both directions. In this world, you are equally aware that “they”, however different and a little nerving, may come to see you at your home, even at an unexpected time, when you welcome them with open arms and prepare a feast of reunion.

#tourism #commodity #degrowth #pilgrimage #capitalism

[quotesfromall]

the worker, who works for twelve hours weaves, spins, drills, turns, builds, shovels, breaks stones, carries loads - etc does he consider this twelve hours' weaving, spinning, drilling turning, building, shoveling, stone breaking as a manifestation of his life, as life? On the contrary, life begins for him when this activity ceases, at the table, in the public house, in bed. The twelve hours' labour, on the other hand, has no meaning for him as weaving, spinning, drilling, etc. but as earnings which bring him to the table, to the public house, into bed.

Karl Marx, Estranged Labour

#commodity #labor theory #capitalism #living wage #karl marx #marx #1844 #estranged labor #estranged labout #marx 1844 #philosophy #economics #workweek #union #fordism #marxism #wage labor #work

[truths89]

Spell: 020 

Same plantation, different designation; Transcendence will be the desired resignation. 

#negressofsaturn #spirituality #evolution #zisa aziza #Truths89 #slavery #capitalism #auction #time #commodity #debt #opaque

[nomilkinmyteaplease]

Things didn't go as expected during the Terror Secret Santa.

For @theterrorbingo fill Whiskey.

#commodity #commodity fragrance #the terror #the terror amc #francis crozier #the terror bingo #btw Commodity do some really good perfume lol

[ennovance]

Do Commodities Provide a Hedge Against Recessions? We Ran the Numbers

The answer: It depends on the commodities and how you buy them

https://www.wsj.com/articles/commodities-recession-hedge-ab287283 @wsj #investment

#commodity #privateequity #ennovance #investor #economy #debt #investors

[tabney2023]

Live Your Life!

#life quotes #lifelessons #life #lifestyle #quotes #quotations #words #knowledge #time management #commodity #healthy living #simple living #daily life #real life #writers #success #writing #life tips #marriage #life and death #relationships #health #americantumblr

[fieriframes]

[Uniqueness is the commodity of glut.]

#s28e02 delicious discoveries #guy fieri #guyfieri #diners drive-ins and dives #uniqueness #commodity #glut

[yngwrthr]

The unique character of the commodity labor power, which as value simply represents its costs of production, but which as use value is itself the source of the creation of new value, makes it possible for the exchange between the worker and the capitalist to simultaneously correspond to, yet contradict, the laws of commodity exchange; that this, the most important of all the acts of exchange, amounts in fact to the appropriation of alien labor, without exchange, although “under the semblance of exchange”. It is clear, however, that this semblance is a “necessary semblance”, insofar as capitalist production itself is the production of commodities, and therefore presupposes the laws of commodity exchange… Capital’s mode of appropriation, which is based on the propertylessness and expropriation of the worker, is neither a complete negation nor a “falsification” of the laws of free exchange, but is rather “their highest development”.

Roman Rosdolsky, “The Making of Marx’s Capital”, Vol. I, trans. Pete Burgess, London: Pluto Press, 1980, pp. 263, 265.

#Marxism #Marx #Rosdolsky #value theory #law of value #value #value form #exchange #exchange value #use value #commodity #labor power #capital #surplus value #commodity exchange #commodity production #capitalist commodity production #capitalism #socialism #communism

[montknoll]

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#gold #commodity #investing #goldinvestment #gold investing

[driftwork]

a fragment

[“The surprise that waits us, when we enter a room, the difference between going up through the floors to the room on the lift or walking up the stairs. When we reach the top of the climb. We do not have an idea of of the surprise at the difference in the rooms, We have a certainty of surprise. But its not easy to get there , for you have to travel as if you are on a camel or a horse. This place was a dark market before it became a hotel, where things were bought and sold that need not to be traced. Not the money that changes hands which will always be traceable, whether its transferred as cash, paypal, plastic or cypto, but the things themselves which being material objects vanish and are carried off by the purchasers, perhaps a book is by Mary Butts, imaginary letters, made in 1928, or one by Duras in the 1953 edition… in hands, paper bags, wheeled to lifts and carefully placed in vehicles. A painting carried off on the back of an electrical bicycle… Whilst the society only values the various forms of exchange value, the things themselves being unvalued in our consumer society vanish. Here then the empire of things used to exist. Where has it vanished to?”]

#everyday practices #exchange value #commodity #things #hotel story

[priestessofthepoeticprophesy]

#capitalism #end stage capitalism #commodity #materialism #counterculture #hypocrisy #tumblr memes #commodification #environmentalism #green #spirituality #going green

[pellinni-photo]

gold stock prices fall in rub. financial stability in russia. bearish commodity market concept. 3d illustration of cheap asset - gold stock prices fall in rub. financial stability in russia. bearish commodity market concept. 3d illustration of cheap asset

#gold #rub #ruble #stock #price #drop #commodity #trade #market #bearish #3dillustration #business #b