[lbo-talk] value form

Mike Ballard swillsqueal at yahoo.com.au
Tue Sep 26 19:10:54 PDT 2006


boddhisatva wrote:

"The hierarchy of use value" makes no sense as a phrase. If you mean, use-value's role in the hierarchy of productive social relations, I think it's co-equal with labor value and will always be.

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While every commodity, exchange-value has to have a use-value, not every use-value has to have an exchange-value i.e. a good or a service doesn't have to take the form of a commodity. I think Marx saw socialism as system for the production of use-values with the commodity form, exchange-value, stripped off. The perceived use-value of "labor value" is that by being able to buy labor power for wages, the capitalist can make a profit from the sale of commodities produced by labor. Use-value is bound up with human perception. Thus, a BIBLE may be perceived as useful to some, where a bottle of real ale might be perceived as far more useful to others. The balance of need fulfillment in a socialist society would have to be mediated by some kind of self-managing democractic system of collective consensus, as there would be no State nor any classes to interfere with the political equality of all.

Best,

Mike B)

Read "Penguins in Bondage": http://happystiletto.blogspot.com/

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