[lbo-talk] Bono, thinking

Mike Ballard swillsqueal at yahoo.com.au
Sun Sep 9 19:44:51 PDT 2007


With his method, Marx derives that money has or rather is the monopoly over the representation of abstract social labor time, that is money is the externalization of one pole of the contradictory unity latent within commodities.

Perhaps this monopoly does not depend on money remaining itself a commodity, given Marx's logic, even if Marx could not forsee pure fiat money?

Rakesh **************** and then Doug posted:

[from the Rush & Molloy column in The New York Daily News]

"America is not just a country," Bono said here recently. "It's an idea." ****************

And Joanna posted earlier a piece from "Barron's" entitled, "In Gold We Trust":
>The price of gold surged above US$700 an ounce on Thursday to its highest
>level since May 2006.

********* Haw! And the U.S. dollar is becoming a largely inflated abstraction with the Fed 'pumping its brains out' to the tune of $31.25 billion! Of course, the U.S working class and indeed the working classes of the world continue to be employed producing use-values for sale as commodities with a view to profit. The only solution for this contradiction between use-value and exchange-value will be for those in power to serve their own class interests and unload a bucket full inflated 'fiat' money on proletarian retirement funds, thus saving "the economy".

Well maybe...

Mike B)

Between these two classes a struggle must go on until the workers of the world organize as a class, take possession of the means of production, abolish the wage system, and live in harmony with the Earth.

http://www.iww.org/culture/official/preamble.shtml

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