At 19/11/01 09:10 +0800, you wrote: >PS hand in hand with socialisation the market has become all but extinct, >though its form remains especially at the consumer end of things. The >speculative market is perhaps the last hold out of market mechanisms, >which of course is a parody of their former function (speculative >exchanges are very much removed from the exchanges of actual value - the >historical purpose of real markets). > >Greg Schofield >Perth Australia
Greg, can you expand in what sense you mean this? Certainly it is clear in Marx that he described an essentially social process that appeared to be privately owned, and was treated legally as privately owned, thereby permitting the extraction of surplus value and the dynamics of uneven capitalist accumulation. He is clear that commodities existed long before the capitalist mode of production became dominant. So in what sense has the market *now* become all but extinct? Do you just mean that giant oligopolies have so much influence on demand and distribution that they effectively control it? Regards Chris
