[OPE] Abstract Labor (a note for Dave Zachariah)

As regards the "state theory of money", it ignores the pre-state and non-state history of commodity equivalents. The state did not originate money, but rather created a universal equivalent (which often wasn't actually "universal") for an already existing trading process which used various different equivalents.

Ideologically, the "state theory of money" becomes a way to evade all kinds of problems of the circulation of money, capital and commodities independently of the state.

At the critical point, the Marxists always drop Marx & Engels in favour of some or other bourgeois theory.

Well I have to go to work,

Jurriaan

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Received on Wed Mar 4 02:22:00 2009