[lbo-talk] more on the psychology of money

boddi satva lbo.boddi at gmail.com
Sat Jun 30 16:51:11 PDT 2007


But the fixation is based on the fantasy that one can escape the bounds of one's society. It's a "when I win the lottery" mentality. If I have my little pile of gold I can tell everybody to fuck off.

But money itself, as a means of communication, evolves over time. Surely you're not suggesting that the rattling and stacking of gold coins is the same exercise as modern finance?

On 6/30/07, Doug Henwood <dhenwood at panix.com> wrote:
> More from the Grundrisse, p. 232: "But when one considers the anxiety
> involved in the doctrine of money in particular, and the feverish
> fear with which, in practice, the inflow and outflow of gold and
> silver are watched in times of crisis, then it is evident that the
> aspect of money which the followers of the Monetary and Mercantilist
> System conceived in an artless one-sidedness is still to be taken
> seriously, not only in the mind, but as a real economic category."
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