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Summary

Summary The Fetish Of Commodities

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Summary readings of the work done in week 5 regarding the fetish of commodities by Karl Marx and Osborne

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COMMODITY: FETISH AND HIEROGLYPH:
Pg. 59:
-A commodity is a product of human labor and satisfies human
needs.
-Humanity changes the form of materials to make it useful.
Example: The form of wood is altered if a table is made from it
however the table continues to be made out if wood.
Pg. 60:
-The commodity reflects the social characteristics of people’s own
labor as objective characteristics of the products of labor themselves
as social natural properties of these things.
-It reflects the social relation of the producers to the totality of labor
between objects that exist outside of them.
-The commodity form, value relation of the products of labor has no
connection with the physical nature of the commodity and the
material relations arising out of it.
Fetishism:
-Commodity world with the products of human hands.
-It attaches itself to the products of labor when they are produced as
commodities.
-It is inseparable from the production of commodities.
-Value changes every product into a social hieroglyphic.
Social hieroglyphic:
-Products of labor that are in constant need of explanation and
interpreting their basic need, form of value and use-value.

, Pg. 61:
-The commodity fetishism is best known of Marx’s idea about the
capitalist economy.
-The form of fetishism represented in capitalist cultures such as
advertisements, pornography and fashion magazines is a sexual
fetishism.
Sexual fetishism:
-The fixation of desire on a particular part of the body, type of object
or material such as feet and shoes.
-Marx’s notion of commodity fetishism in the culture of capitalism is
confused with Freudian psycho-sexual conception fetishism.
-There is an assumption that Marx’s commodity fetishism is about
fixing of desire but on a different kind of object, the commodity: an
investment of desire in the desire in the ownership of commodities
however that is not the case.
-Marx’s commodity fetishism is about the fetish character of the
commodity itself, a special kind of object: the fetish character of its
‘form’, the commodity-form.
-For him, the commodity-form is the ‘value-form of the commodity’.
-The commodity is considered not as a physical entity but as a value.
Pg. 62:
-It is a fetishism that attaches itself to the products of labor when
they are produced as commodities.
-It derives from the social relations of production and is a feature of
the capitalist mode of production.
-Capitalist societies are those in which the commodity production
based on wage-labor production.

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September 5, 2022
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Type
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