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Let's have a class thread! It'll be fun!

I don't think you've fully grasped what Blagsta was saying - he doesn't want to play capitalist get-rich-quick games. In fact, I suspect that he probably thinks they are immoral - a form of exploitation. And he certainly doesn't want to put his home at risk in order to do so. Hence none of what you have said in any way contradicts his position.

I know he doesn't and I salute him for it. What I'm saying is that another owner of an otherwise identical house may have great interest in playing capitalist get-rich-quick games and the house, therefore, has a different use value to him that it does to B. Hence my lemma that use value is subjective.
 
All you're doing is exchanging higher expected return for additional risk. You don't need a house to do that. You could do it by shorting bluechip stocks and investing this in High Tech/Biotech stocks, for example.

You're utterly flouting the fundamental rule of financial economics, which is that a financial system in balance should have no arbitrage opportunities. Now, in the real world, things aren't always that simple. But it *certainly* applies to something as fundamental as acquiring debt to make investments. Yes, you might win. And also you might lose. And these chances are in balance, because otherwise people would just borrow infinitely and invest infinitely. You can only win by knowing more about your investment than the general marketplace does.

In fact, borrowing against your house has serious additional frictional costs and inefficiencies, which means that your long term expected growth from following this strategy would almost certainly be negative. But that's not even my point. You don't need to worry about making losses to realise that borrowing against your house is not a generic wealth-generation strategy. Some people might be able to generate wealth from borrowings, but that has nothing to do with the method of borrowing!

Debt is not equity and equity is not debt. The confusion of the two is a serious problem and, I repeat, it's why we're so fucked in the first place.
 
just saw that butchers posted something similar as i posted this - ymu take a look at how you come across and how other people perceive the kind of stuff you spout on here

and two things for the record i) i am not nor have ever been a trot and ii) for you as a priviliged oxbridge type who has spent pages waxing lyrical abuot how bloody brilliant you are to finger poke working class kids who left school at 16 like i did for educating themselves in bodies of work that they see as relevant to gaining a sound understanding of capitalist social relations is pretty fucking rich

Not just a case of "see as relevant", either. Some basic grounding in Marx's arguments (and those who came after and added to and/or critiqued his work) is necessary to a sound understanding. If you elide Marx and his successors, and you miss a swathe of information without which you can't achieve your "sound understanding".
Similarly, you can't achieve a sound understanding of Capitalism unless you ground yourself in all the shades of opinion about it.
 
Not just a case of "see as relevant", either. Some basic grounding in Marx's arguments (and those who came after and added to and/or critiqued his work) is necessary to a sound understanding. If you elide Marx and his successors, and you miss a swathe of information without which you can't achieve your "sound understanding".
Similarly, you can't achieve a sound understanding of Capitalism unless you ground yourself in all the shades of opinion about it.

Even if that means reading Hayek or Friedman. You need to know how the enemy thinks.
 
I know he doesn't and I salute him for it. What I'm saying is that another owner of an otherwise identical house may have great interest in playing capitalist get-rich-quick games and the house, therefore, has a different use value to him that it does to B. Hence my lemma that use value is subjective.


Everyone needs a roof over their head - this is not subjective.
 
I think that was my original point - use value is subjective and varies with the owner. For your average Urban a house is simply a home for living in or, occasionally, sitting in, thinking about Gaza and gently sobbing. For normal people it has an additional use value of creating debt fuelled mayhem for buying X5s, etc

I think you had two original points which have been somewhat conflated:-

1. That you can access both the use-value and the exchange value of a commodity at the same time. This is clearly not the case as has been demonstrated and even you are now referring to the ability to use your house as collateral as a use-value (rather than as a means of realising its exchange value). So the basic point remains that you can either have one or the other, but not both at the same time for a specific commodity.

2. That use-value is subjective and varies with the owner. I have more sympathy with this point in that while the basic utility of a particular loaf of bread may be objective in its nourishment providing qualities - the key thing is the relation between what the particular object of utility is and the situation of the person who holds (or wants) that thing. And that situation of the person includes both their internal physiological needs along with individual preferences, prefrences conditioned by external environment, social & cultural norms, level of civilisation etc..etc.

So within (and for) capitalism use-values are important not for what they are in and off themselves , but for what they are in relation to either the person or company who owns a thing or the person or company who has the means to buy it
 
Not just a case of "see as relevant", either. Some basic grounding in Marx's arguments (and those who came after and added to and/or critiqued his work) is necessary to a sound understanding. If you elide Marx and his successors, and you miss a swathe of information without which you can't achieve your "sound understanding".
Similarly, you can't achieve a sound understanding of Capitalism unless you ground yourself in all the shades of opinion about it.

Firstly, apologies all. Still haven't slept, hallucinations starting, apologies for dragging you along the bipolar ride.

Yeah, I get that VP. But I'm a scientist who deals strictly with things that can be measured and manipulated in the real world. I don't really do words and can't grasp abstract concepts unless you can tell me what it means in practice.

I've been asking elsewhere for people to explain to me how a world without money works in concrete terms, not because I wouldn't fucking love to live in a world without money, but because I want to know what I'm letting myself in for before I can tell if I want your revolution. Money is a man made object, and all of its evils are ultimately the product of mankind. All I want to know is, can I have world without money and no rationing? And if so, how. Because (in evil money terms), global GDP is about £5k/capita and I don't think happiness abolishes either scarcity or greed, or child abuse or bullying or any of the things that make human beings act like shitheads. I can guarantee you, for example, that I will still have a sleep disorder and occasionally (or always, according to taste), act like a shithead.

I'm basically saying, I don't even know what you want me to believe in and I simply cannot devote time I haven't got to reading words I'm not going to understand properly with a translator anyway.

I will probably be too embarrassed to ever go back to see what shit I wrote, but the personal stuff is just my attempt to try and make sense by putting it into terms that I can understand. What happens when the sleep goes is the judgement goes and I start typing my increasingly random thought processes without a competent editor available to sort the mess out.

Apologies again. I adore almost all the Trots on here, and all of the one that give good insight. I can't tell you how gutted I was when PT couldn't tell me how I get to a world without money without entering a bureaucratic nightmare. Bureaucrats are why I'm in this mess right now - they literally hound me for not being normal until I have to quit another job just to retain a shred of sanity.

Which is why I'm going to try and sleep now or Channel 4 will be goading me with their adverts and I'll lose another year of my life to a worthless shithead bully. Or I'll go and annoy the shithead board where trying to explain Keynes gets you called a dangerous revolutionary and we don't want no Trots round here. :rolleyes:
 
It's not possible to be too harsh on me when I'm like this Truxta. It's all fair and I'm not offended. You guys will notice before I do, so telling me is helpful.

My partner got so frustrated yesterday, he tried to beat up my computer. He's a saint for putting up with me, and you guys don't even get the fringe benefits. :(
 
Tried to beat up... your computer? :D My partner would be more likely to use my computer to beat me up.
\
i suspect it was a decoy target to stop him beating me up. Which is a relief because he's genuinely convinced I could take him in a fight, when I can't even carry carry one diesel can very far without stopping, but if we're arguing when we get out of the car, he'll grab both of them and not stop for the half mile until he gets home.

So the computer gets it.
 
Firstly, apologies all. Still haven't slept, hallucinations starting, apologies for dragging you along the bipolar ride.

I don't suffer from bi-polar, but I did have chronic insomnia from the ages of 20 to 30, used to sleep about 2 hours in 24 in a handful of 20-30 min blocks unless I took a large dose of temazepam (which I avoided until I was so mind-fucked that I had no choice).

Yeah, I get that VP. But I'm a scientist who deals strictly with things that can be measured and manipulated in the real world. I don't really do words and can't grasp abstract concepts unless you can tell me what it means in practice.

You're a scientist, so think of abstract political and ideological constructions as models of a system - you design different models in order to assess how a model copes with the variables inherent to your experiment. You pretty much have to do so, because to experiment upon populations would be somewhat unkind..

I've been asking elsewhere for people to explain to me how a world without money works in concrete terms, not because I wouldn't fucking love to live in a world without money, but because I want to know what I'm letting myself in for before I can tell if I want your revolution. Money is a man made object, and all of its evils are ultimately the product of mankind. All I want to know is, can I have world without money and no rationing? And if so, how. Because (in evil money terms), global GDP is about £5k/capita and I don't think happiness abolishes either scarcity or greed, or child abuse or bullying or any of the things that make human beings act like shitheads. I can guarantee you, for example, that I will still have a sleep disorder and occasionally (or always, according to taste), act like a shithead.

Well, first you need to quantify what you mean by "money". Do you mean an exchange medium alienated from the use-value of what it is exchanged for, or an exchange medium related to the use-value of what it is exchanged for?
I ask, because the former allows accumulation, while the latter theoretically limits (but doesn't eliminate) it.

There will always be exchange per se, in that the mass of people in an anarchist utopia (yeah, right!) might exchange their various labour skills for the means of shelter and sustenance (and a society with "no money" is, indeed, predicated on the assumption that a majority will engage in the sort of self-interested "altruism" mentioned above).
I see what you propose as a system that might function quite well, but to do so would need to be imposed and enforced totally, and my gripe with that is that mechanisms and apparatus to enforce such a total imposition would, as a concomitant of their existence, have the strength to overthrow the system that required it. It would also allow for the accumulation of capital, and while you might say "fair enough, if you've saved the dosh that you've earned from your (limited by ymu statute) salary, then so what?", it would still be the higher earners (even with their upper earnings limited to 4x that of their lowest-paid worker) who would have the advantage in accumulation, and this could eventually lead to a widening of the gaps between the social strata. Not as invidious as the current "wealth gap" and it's accompanying issues, to be sure, but we'd still have that pesky "class" thing going on there!

I'm basically saying, I don't even know what you want me to believe in and I simply cannot devote time I haven't got to reading words I'm not going to understand properly with a translator anyway.

I don't want you to believe in anything. Faith is the refuge of people too lazy to think for themselves.

I hazard that part of the problem with your recent threads is that you appear to have dived into the deep end when you should have been setting up your experiment and defining it's various components, along the lines of "Capital is...", "use value is..." etc. It's how we all learn, believe me. You don't just (unless you're a savant of some form) open a book on abstract economic theories and understand it, you have to (unfortunately) build your knowledge from the ground up.

I will probably be too embarrassed to ever go back to see what shit I wrote, but the personal stuff is just my attempt to try and make sense by putting it into terms that I can understand. What happens when the sleep goes is the judgement goes and I start typing my increasingly random thought processes without a competent editor available to sort the mess out.

Apologies again. I adore almost all the Trots on here, and all of the one that give good insight. I can't tell you how gutted I was when PT couldn't tell me how I get to a world without money without entering a bureaucratic nightmare. Bureaucrats are why I'm in this mess right now - they literally hound me for not being normal until I have to quit another job just to retain a shred of sanity.

Which is why I'm going to try and sleep now or Channel 4 will be goading me with their adverts and I'll lose another year of my life to a worthless shithead bully. Or I'll go and annoy the shithead board where trying to explain Keynes gets you called a dangerous revolutionary and we don't want no Trots round here. :rolleyes:

People ignorant enough to quantify Keynes' economics as "Trot" aren't really worth engaging with, frankly.
 
I didn't say I'm a scientist, I said "I'm a scientist who deals strictly with things that can be measured and manipulated in the real world."

I'm a bear of very limited skill set.

I build decision analytic models all the time, but we start with the real world and build a model that captures it.


So what is the patient pathway for a Marxist revolution?
 
I don't suffer from bi-polar, but I did have chronic insomnia from the ages of 20 to 30, used to sleep about 2 hours in 24 in a handful of 20-30 min blocks unless I took a large dose of temazepam (which I avoided until I was so mind-fucked that I had no choice).



You're a scientist, so think of abstract political and ideological constructions as models of a system - you design different models in order to assess how a model copes with the variables inherent to your experiment. You pretty much have to do so, because to experiment upon populations would be somewhat unkind..



Well, first you need to quantify what you mean by "money". Do you mean an exchange medium alienated from the use-value of what it is exchanged for, or an exchange medium related to the use-value of what it is exchanged for?
I ask, because the former allows accumulation, while the latter theoretically limits (but doesn't eliminate) it.

There will always be exchange per se, in that the mass of people in an anarchist utopia (yeah, right!) might exchange their various labour skills for the means of shelter and sustenance (and a society with "no money" is, indeed, predicated on the assumption that a majority will engage in the sort of self-interested "altruism" mentioned above).
I see what you propose as a system that might function quite well, but to do so would need to be imposed and enforced totally, and my gripe with that is that mechanisms and apparatus to enforce such a total imposition would, as a concomitant of their existence, have the strength to overthrow the system that required it. It would also allow for the accumulation of capital, and while you might say "fair enough, if you've saved the dosh that you've earned from your (limited by ymu statute) salary, then so what?", it would still be the higher earners (even with their upper earnings limited to 4x that of their lowest-paid worker) who would have the advantage in accumulation, and this could eventually lead to a widening of the gaps between the social strata. Not as invidious as the current "wealth gap" and it's accompanying issues, to be sure, but we'd still have that pesky "class" thing going on there!



I don't want you to believe in anything. Faith is the refuge of people too lazy to think for themselves.

I hazard that part of the problem with your recent threads is that you appear to have dived into the deep end when you should have been setting up your experiment and defining it's various components, along the lines of "Capital is...", "use value is..." etc. It's how we all learn, believe me. You don't just (unless you're a savant of some form) open a book on abstract economic theories and understand it, you have to (unfortunately) build your knowledge from the ground up.



People ignorant enough to quantify Keynes' economics as "Trot" aren't really worth engaging with, frankly.

You have no idea! IOn that board, socialists are either poor (jealous) or well off (weirdos).

The times someone sane comes in to a thread, it is a relief. :D


Oh, and Evan Harris and my mum both referred to 'your extreme ideology' when I tried to explain Keynes, so either Liberals are entirely ignorant of their own party as well as the period 1945-1980, or they really have gone to the Randian dark side in droves.

I knew he wasn't great, but I swaer I will never doubt butchers character assassinations again.

I'm glad I inserted the last line of this in though, given that he accused me of being a know-nothing fool (true). :cool:

Me:<rant rant Keynes Krugman Stiglitz>

Harris: zzzzzzz

Me: Are 6000 Lib Dem councillors as bored of this as you are?
....
 
get some sleep hon. And thanks for puttin up with ME the other night. lol. you're cool.

take care and see you soon :)
 
get some sleep hon. And thanks for puttin up with ME the other night. lol. you're cool.

take care and see you soon :)

Trying!

:confused: You're the tops - there weren't nothin' to put up with yer nutter. You had me in full on mania and you coped. Not many people can say that. The boy says he wants tips. ;)
 
VP

By money I mean the tokens of exchange that are fucking critical for a non-primitivist society unless you can work out how to make everyone play nice in a help yerselves sort of system. I would have money but no stock exchange and no private banking. I've done this on the other thread in massive detail.

I don't mean anything by money except a generalised IOU that makes a barter system workable, but cannot earn more of itself simply by existing in someones pocket.

LETS would become evil if someone could make them evil. It's not the name or the useful functions of a thing that make it evil, it is the lack of constraint on how it can be abused that matters. Same as I don't want political parties because I want representatives to have to pound the streets half their working lives asking people what they want parliament to discuss/do/lawify.

I do not care which bum is on which seat or what they call their boys club or even how they label their politics. No system which relies on good, decent and honourable people being in power can ever be immune to decline. I want systems where the people pulling the levers are irrelevant, they cannot overstep the bounds of their delegated authority because the voters will sack them.
 
VP

By money I mean the tokens of exchange that are fucking critical for a non-primitivist society unless you can work out how to make everyone play nice in a help yerselves sort of system.

The bastinado.

I would have money but no stock exchange and no private banking. I've done this on the other thread in massive detail.

I know you have.
It's not the nature of your system that I was enquiring about, it was how you visualise money as functioning within your system: as a minimal medium in a simplified system, or as a fully-functioning medium in a complex system. Your ideas appear to be about half-way between the two, which causes it's own problems. :)

I don't mean anything by money except a generalised IOU that makes a barter system workable, but cannot earn more of itself simply by existing in someones pocket.

It can, however, still be accumulated.

LETS would become evil if someone could make them evil. It's not the name or the useful functions of a thing that make it evil, it is the lack of constraint on how it can be abused that matters. Same as I don't want political parties because I want representatives to have to pound the streets half their working lives asking people what they want parliament to discuss/do/lawify.

You'll get "parties" (or para-parties) developing regardless. It's what happens when people with mutual interests get together - they seek to promote their interests. The fact that your system would need a state apparatus to function within/replace will invariably mean (or so history shows us! :p) that some of those "interest groups" will feel keenly enough to lobby, informally, those the gaining of whose ears might serve their interest.
That's why, IMO, power really does need to not just emanate from "the street", but to manifest there. Having "street representatives" filtering ideas and opinions upward to parliament puts an awful lot of barriers between the voicing of street-level concern and it's recognition by parliament.

I do not care which bum is on which seat or what they call their boys club or even how they label their politics. No system which relies on good, decent and honourable people being in power can ever be immune to decline. I want systems where the people pulling the levers are irrelevant, they cannot overstep the bounds of their delegated authority because the voters will sack them.

The problem being that you'd be micro-managing such a system just to police those that worked within it. The people's theme tune would end up being "Somebody's Watching Me" by Rockwell. :)
 
That's the only sort of scientist :)
Sort of. But I'm much, much more limited than most scientists. I can't do maths because I can't handle the abstract nature of it. Except for statistics, because I can see how it tells me something about the world and the computer does all the tricky stuff anyway, as long as I give it the correct instructions. I almost never have to crunch numbers, because that isn't what I'm good at. :)

If it's abstract, I have to learn a script to talk about it. If it's concrete, there's no script to learn, because I can just say what I see and the script writes itself. I can't communicate from a script, because I'm stumped if someone asks me a question. So if you can't explain it in terms I can visualise happening in the world that I know, there isn't any point trying because I'll be useless to you anyway.
 
The bastinado.



I know you have.
It's not the nature of your system that I was enquiring about, it was how you visualise money as functioning within your system: as a minimal medium in a simplified system, or as a fully-functioning medium in a complex system. Your ideas appear to be about half-way between the two, which causes it's own problems. :)



It can, however, still be accumulated.



You'll get "parties" (or para-parties) developing regardless. It's what happens when people with mutual interests get together - they seek to promote their interests. The fact that your system would need a state apparatus to function within/replace will invariably mean (or so history shows us! :p) that some of those "interest groups" will feel keenly enough to lobby, informally, those the gaining of whose ears might serve their interest.
That's why, IMO, power really does need to not just emanate from "the street", but to manifest there. Having "street representatives" filtering ideas and opinions upward to parliament puts an awful lot of barriers between the voicing of street-level concern and it's recognition by parliament.



The problem being that you'd be micro-managing such a system just to police those that worked within it. The people's theme tune would end up being "Somebody's Watching Me" by Rockwell. :)

I know they're half-baked ideas. That's why I'm asking people to tell me how to bake them properly. If I knew how, I wouldn't be asking, I'd be working on it.

I don't care who talks to who as long as they're not allowed the opportunity to stitch up my polity without including me in their discussions. Political parties have no place in democratic electoral politics. Parties have no power over my polity if they have no power of patronage. If they're powerless outside of the ideas they produce, they're great. If they can be allowed to take power, then they will screw over me and mine just because they think they know what's good for me better than I do.

You wouldn't have to police the system. That's the electorates responsibility. We know now when we're being screwed over - we're just powerless to do it. With a fully transparent televised parliament and recall, the electorate can police their own politicians thank you very much. We don't need someone else deciding how to do that for us. We're capable of doing it for ourselves.
 
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