Capital goods are commodities. Am I missing something?
-----Original Message-----
From: George Pennefather <[EMAIL PROTECTED]>
To: Capital and Class <[EMAIL PROTECTED]>
Date: Thursday, March 09, 2000 12:55 PM
Subject: [PEN-L:17024] 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
>
>Be free to check out our Communist Think-Tank web site at
>http://homepage.eircom.net/~beprepared/
>
>Be free to subscribe to our Communist Think-Tank mailing community by
>simply placing subscribe in the body of the message at the following
address:
>mailto:[EMAIL PROTECTED]
>
>
>
