butchersapron said:"Modern bourgeois society with its relations of production, of exchange and of property, a society that has conjured up such gigantic means of production and of exchange, is like the sorcerer, who is no longer able to control the powers of the nether world whom he has called up by his spells."
phildwyer said:I love it! I'd love to include this whole thread as an appendix, but I don't think I'm allowed to
But Butchers is basically right--I'd only qualify this by saying that "fictitious capital" is actually a misnomer. *All* capital, *all* financial value, is fictitious.
Fruitloop said:If all capital is fictitious then this undermines the capital/fictitious capital distinction that butchers is alluding to. You can't have it both ways.
Loki said:All my words are under strict copyright and you'll be hearing from my solicitors, Messrs Sue Grabbit and Runne if a single word is reproduced.
Fictitious capital is *openly* fictitious; earlier forms of capital are *covertly* fictitious. Capital gradually reveals its true nature in the course of its history.
Fruitloop said:Fictitious capital is the proportion of capital which cannot be simultaneously converted into existing use-values. For all capital to be fictitious it would imply that no capital could be exchanged for use-values, which is manifestly not the case.
I really don't give a flying fart if you quote me But you may want to PM editor if there are any copyright issues. Alternatively laptopphildwyer said:Yeah, that's what I'm afraid of. This is true of everything on this site, right?
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In Bloom said:Yep, just ignore all that horrible "logic" nonsense and maybe it'll just go away.
Fruitloop said:Fictitious capital is the proportion of capital which cannot be simultaneously converted into existing use-values. For all capital to be fictitious it would imply that no capital could be exchanged for use-values, which is manifestly not the case.
Loki said:I really don't give a flying fart if you quote me But you may want to PM editor if there are any copyright issues. Alternatively laptop
Now, as Fruitloop says here, value can be *exchanged* for real things.
So, is financial value "real?" Certainly not in the sense that it is physical: no-one can touch, taste, smell it and so on. It can, however, be represented in physical form, but as we have already shown, that form bears no relation to its true essence, and in fact *disguises* it.
It certainly means that value is *efficacious,* that it has real effects, and that these effects are independent of any human actors.
So you won't be quoting me? But I had so much to sayphildwyer said:Nah, much as I'd like to, the book's already 20,000 words too long. The days of such authorial indulgences are long gone, I fear.
sleaterkinney said:It just seems to me like you've found some things that financial value and god have in common then extrapolated that to mean that god is financial value, it might be a good subject for a philosophy essay, but as for proof, you have to come up with something stronger than that....
I have one question, aplogies if it's been asked already. Financial value doesn't exist outside Human thought, does that mean that God doesn't either?
I am making the same point every single day.phildwyer said:Certainly not in the sense that it is physical: no-one can touch, taste, smell it and so on.
118118 said:I am making the same point every single day.
1. No-one can touch taste smell atoms but they are considered physical, explicable by the laws of physics.
2. And I don't see reason or argument that on virtue of being an alienation or a representation, alienated labor power would necesarily not be physical.
Are these questions just incoherant nonsense?
nino_savatte said:This gets even funnier. Keep it up phil.
phildwyer said:No, sorry, they're good questions, I was distracted (again) by the babblings of the Babylonians. Atoms aren't physical. They are ideas. They are not accessible to the senses, they are perceptible only to the reason. Alienated labour-power can take physical *form,* which is one of the things that differentiates it from a mere "idea," but it is not itself physical. Does that help?
phildwyer said:Atoms aren't physical. They are ideas. They are not accessible to the senses, they are perceptible only to the reason.
axon said:So, in the same way, if an object is beyond my senses it isn't physical? I'm thinking of a blind man watching TV. He can hear the sound of the TV but one has only to mute the TV and the TV has ceased to be physical !
axon said:For the blind man the TV is not physical, but this is different to proclaiming that the TV in itself is not physical.
Enter someone who isn't blind into the room and the TV suddenly becomes physical again. The TV is undergoing all these transformations between physical and not physical without anything actually happening to it.
Jo/Joe said:The bahaviour of atoms can be sensed though. If you saw animal tracks in the snow you wouldn't say nothing physically existed to create them.