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Summary THE FETISH OF COMMODITIES

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This is a summary of the 2nd reading done in week 5 by Karl Marx and Osborne









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Uploaded on
September 5, 2022
Number of pages
2
Written in
2022/2023
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Summary

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THE FETISH OF COMMODITIES: KARL MARX:
Pg 54:
-At first, a commodity appears as a trivial thing, easily understood
and not mysterious even if we consider it from the point of view by
its properties of satisfying human needs or by the properties of
human labor.
-Man changes the forms of materials furnished by nature to make
them useful to him.
Example: The form of wood is changed into a table which remains a
common everyday thing.
-When man work, their labor assumes a social form.
-The duration of the expenditure and labor power makes the
commodity a mysterious thing.
-Fetishism attaches itself to the products of labor when they are
produced as commodities.
-It’s not only by being exchanged that the products of labor acquire
as values.
-The product must be useful to others as well.
Pg 55:
-Products of labor have a common quality: Value
-We equate value as we equate human labor.
-It is value that converts every product into a social hieroglyph.
The question is what concerns producers when they make an
exchange?
-The determination of the size of value by labor time is a secret.
-The analysis of the prices of commodities that alone led to the
determination of the size of value.
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