Ah George,
Which came first the egg or the chicken? In this case the "commodity" or "industrial
capital". I would say the commodity thus laying the basis for the later industrial
capital.
Warm Regards
Bob Malecki
----- Original Message -----
From: George Pennefather <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Wednesday, March 08, 2000 9:28 PM
Subject: M-TH: Capital is wrong
> In the opening paragraph of Capital Marx proclaims:
>
> The wealth of those societies in which the capitalist mode of production prevails,
> presents itself as "an immense accumulation of commodities," its unit being a single
> commodity. Our investigation must therefore begin with the analysis of a commodity.
> So the capitalist mode of production can prevail in more than one society.
>
> To say that the "wealth of those societies presents itself as an immense
>accumulation of
> commodities" is not true. Much of the wealth is in the form of industrial capital
>which is
> not capital in the form of the commodity. This mistaken premise renders the validity
>of
> making the commodity a starting point questionable on that basis.
>
> Warm regards
> George Pennefather
>
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