Twenty Theses About Money | 25 comments (25 topical, editorial, 0 hidden)

Re: Twenty Theses About Money (3.66 / 3)

Labour, albeit mighty, is only one container of value. Land, resources, and prestige are others.

You can't be me, I'm taken

by Sven Triloqvist on Mon Apr 21st, 2008 at 02:18:42 PM EST

Do look again at #8: (none / 0)

8. Money, then, is a claim upon enclosure. Or, more generally, money is a claim upon human labor, whether that human labor be expended to enclose things and to defend their property rights, or to manufacture commodities.

"Imagine all the people/ Sharing all the world" -- John Lennon

by Cassiodorus on Mon Apr 21st, 2008 at 03:04:59 PM EST
[ Parent ]

Re: Do look again at #8: (none / 0)

There are still vast tracts of land, and, indeed, the oceans (!), where labour has a zero or insignificant role in enclosure.

I accept your basic argument, but it is too neat.

You can't be me, I'm taken

by Sven Triloqvist on Mon Apr 21st, 2008 at 03:13:05 PM EST
[ Parent ]

Re: Do look again at #8: (none / 0)

There are still vast tracts of land, and, indeed, the oceans (!), where labour has a zero or insignificant role in enclosure.

Which means that nobody really owns them.

"Imagine all the people/ Sharing all the world" -- John Lennon

by Cassiodorus on Tue Apr 22nd, 2008 at 01:33:24 PM EST
[ Parent ]

But where does the claim lie? (4.00 / 4)

Money works as money because it works like a claim on human labor, but the human labor is not conscripted by the monetary institutions.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Apr 22nd, 2008 at 04:32:34 PM EST
[ Parent ]

Re: But where does the claim lie? (none / 1)

The "conscription" lies in the general state of obligation that forces people into the money economy -- which is to say that they are generally deprived by business forces of the means of living off of the land.

"Imagine all the people/ Sharing all the world" -- John Lennon

by Cassiodorus on Tue Apr 22nd, 2008 at 05:38:48 PM EST
[ Parent ]

Re: But where does the claim lie? (4.00 / 3)

Precisely ... the conscription lies in property institutions, not monetary institutions.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Apr 22nd, 2008 at 05:45:50 PM EST
[ Parent ]

Re: But where does the claim lie? (none / 0)

Interesting. Taking it to the next level, as it were, you're implying a tendenz to debt peonage.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Sun May 4th, 2008 at 11:03:43 PM EST
[ Parent ]

Twenty Theses About Money | 25 comments (25 topical, 0 editorial, 0 hidden)

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