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I aint reading every post because I';m loving lazy as poo poo but re: money and stuff, it seems some people have a confused notion of what money actually is. Money is simply the universally agreed upon medium of exchange, and represents some unit of value by consensus. In Marxist terminology money is the universal commodity. In very early human history people could get by with direct barter of particular commodities - Gog trades an elk carcass to Bog for 5 new spears or whatever. But as human society increases in complexity, and the people within it begin to specialise in their trades and modes of living this becomes difficult and inconvenient. One person may become a carpenter and spend all his time making fancy tables (again, particular commodities), but you can easily imagine a situation in which it's difficult for him to trade his tables for the things he needs. perhaps nobody in his neighbourhood needs a new table today, or the thing he wants to trade for is only with 1/10th the usual value of one of his tables. He can't very well trade 1/10 of a table to somebody, because the value of the table is in its complete form. So money, or the universal commodity, is the solution that society finds for this problem - We settle on some medium of exchange that everybody is prepared to accept. It doesn't have to take any particular form (it could be gold, or pebbles, or seashells, or tins of tuna, or anything), but for the sake of convenience it is usually something that can be physically divided and subdivided without affecting the value of the whole or its constituent parts. Precious metals are obviously perfect for this. Now our carpenter can trade his table for its value in the universal commodity (say 1lb of gold) and then divide that into as many constituent parts as necessary for his daily expenses. And because everybody agrees to accept gold as money he doesn't have to find that one guy who needs a table today in order to trade for the thing he needs. Anyway yeah Pablo Nergigante posted:Read Capital, OP.
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Feb 2, 2019 18:21
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| # ¿ May 16, 2024 14:28 |
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