Jun 27 14:44
Commodity exchange is a very old phenomenon and not a revolutionary one as bourgeois economists like to treat it. In history we can see numerous example of commodity exchange taking place. But before proceeding with the theory of commodity exchange, let us understandwhat is "commodity"? A simple defination would be any product of labour/natural resources which passes from the producer/gathere to consumer via market mode of distributioncan be termed as commodity. The same defination holds true for services as well specially in the modern age of capitalkism where even trivial services have been overly commodified. Now these products/ resources/services do not need only to pass through market in order to travel from produces to consumer. Infact history tell us that vast majourity of exchange was populated by non-market mode of distribution. Distribution of produce was done by head imam of village mosque inarab and clergy of church during the medieval period. I am not saying those modes were perfect by any means but rather I am using them as examples for non-market distribution of products. So first thing which is very clear is that "commodities" can only exist if market is there in first place. Now let's look at some very trivial ways by which commodities are exchanged in today's modern capitalism. I am going to take three most common models although at present there are a lot more than these three. 1. C------------C' Model In this model two people who produce products by putting equal abstract labour exchanges the "commodities". We will have to be very careful here as most people think that product can not be considered as commodityif capital is not involved. That is why we have to understand that existence of commodities is based on market and not on the capital/currency notes. In this model parties exchange products directly based on the basis of abstract labour which have been put into each. No matter how surprising it may sound but a vast number of such exchange is going on in this world as you are reading this. In this mode no third party is involved other than producers and the consumer. One more thing to observe over here is that the producers are consumers as well. 2. C--------M--------C' Model In this mode those two producers from case 1 never meet each other instead they bothsell and purchase from this middle man. So the personerson who produced "C" will exchannge it for some amount of currency notes and now in order to get c from the middle man other producer will have to pay middle man more currency notes than what middle man actually paid the producer of C. Same thing remains true if we take it from opposite dirction as well. The problem in this case is middle man will end up gaining currency notes which are actually token to get commodities of labour without doing any constructive labour himself. This should be less surprising as it is a very common mode of commodity exchange in parts of world where capitalism is yet to mature. This model was also enforced very strictly by so called "communist" countries of 20th century. 3. M---------c----------M' Model In this mode basically the motive is to maximise the collection of currency notes and is very common in parts of the world when capitalism is in its most matured phase. This phase is the final phase of capitalism and lays the foundation of a horrible disaster in near future(more near than you think!). Enough for introduction, let's get startede with the modus operandi. In this mode the tree starts with someone havin currency notes will exchange the products from multiple producers and then he will sell them back with to multiple consumers. These two successive exchanges will at the end result in one thing and one thing only i.e, the facilitator who started with capital will end up having more capital. Now the grave danger unlike case 2 in here will be accumulation of crazy amount of currency note in very less time. In case 2 we can make sure that the middleman doesn't "makes" anythingand as I told you earlier this model was followed by so called "communist" countries of 20th century for this property only. But in this case doing that willbe impossible. hHEnce it will lead to stagnation of crazy amount of currency notes(90%) in the hands of few facilitators. Those facilitators in turn will claim all the products of labour in future automatically. Which means workers will have to literally produce things out of "thin air" and give the whole produce to the facilitator. This model is today used by USA. I tried to explain the theory of commodity exchange in the most simplest way possible based on my own understanding. Any criticism and feedback is more than welcome as always. Utopia is not given you have to claim it yourself!!!!!!!
Jul 12 15:34
Vivek is a bitch
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