Fruitloop said:
Can you reprise this briefly as I didn't get it the first time (cut and paste is fine).
No problem, this is me talking to GURRIER about two hundred posts ago (he never replied, needless to say).
3. Value per se, or to use a term that is strictly inaccurate but may help you grasp the concept, *financial* value. This is the *abstract* form of exchange-value. It is exchange-value *abstracted* from the body of the cow and so, unlike exchange-value, it is not perceptible in the body of the cow. We might say that it is the *concept* of exchange-value. Financial value is necessary for any large-scale exchange of objects. It is this last type of value that will most concern us today.
Now, you appear to assume that financial value is “money.” You are entirely mistaken. Money is the medium in which financial value is represented. It is, if you like, the language in which financial value is expressed. But it *not* the same thing as financial value. It is unsurprising that you miss this Truth, for it has only recently been revealed to us. Consider: until very recently it was universally believed that financial value was somehow inherent in the physical properties of gold and other precious metals. For millennia, people believed that gold *was* financial value, or in a slightly more sophisticated version, that financial value “lived in“ the body of gold. Of course, we now know that this is not true; financial value can be represented in other forms, such as banknotes. But today, the real and ultimate Truth about money is even clearer, for most financial value no longer has *any* material form. There is very little material money, of any kind, in existence compared to the amount of financial value that, as our masters tell us, exists.
Or does it? How can we say that something that has no material being whatsoever “exists?” Well, we can know that it exists by its *effects.* How effective is financial value? Very fucking effective indeed; in fact the Spaniards call money “effectivo.” Anyone can see that financial value is the most effective force in existence, we might even say that it rules the entire world, and that to a large and growing extent it determines the thoughts and actions of every person in the world. So this all-powerful force does not, materially speaking, exist. What do we call such a force? Do we not call it a “spirit?”