15 October 2013 — The Wolf Report: confidential Analysis for the anti-investor
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1. For all the complexity in and of those awe and fear inspiring first chapters of Capital, Marx really isn’t trying to complicate matters. He’s engaged in a radical distillation, almost but not quite a simplification, of the moments of value expression; of the commodity as the condition of social labor.
The journals of the bourgeoisie–digital, analog, virtual, print–have spewed tons of ink and blizzards of one and zeros–marveling, worrying, cheering, bemoaning the latest fad in political economy: the “super-cycle” in commodity prices.
Giant Banks Take Over Real Economy As Well As Financial System … Enabling Manipulation On a Vast Scale
10 July 2013 — WashingtonsBlog
Big Banks Move Into Uranium Mining, Petroleum Products, Aluminum, Ownership and Operation Of Airports, Toll Roads, and Ports, and Electricity
26 March 2013 – The Wolf Report: Nonconfidential analysis for the anti-investorSome brief considerations on turnover, circulation, circulation time and labor time:
Capitalists imagine their mode of production as production for exchange and imagines its origins in trade, in the circulation of the commodities between producers and …..producers, between producers and consumers, producers and “circulators,” merchants.
10 February 2013 — The Wolf Report
Dann wird es, was es muss
1. When the bourgeoisie aren’t, and even when they are, flogging the virtues of responsibility, accountability, attention-to-detail, hands-on-management, they’re usually in court pleading out the latest bit of irregularities, high and petty crimes, misdemeanors, and assorted felonies, with claims of amnesia (“I have no recollection…”), or dementia (“I’ m not capable of recognizing my own handwriting”). Or, they’re busy blaming irresponsible, unaccountable, subordinate rogues for violating “corporate ethics” (sic); abusing the “trust;” going “too far” thereby turning the corporate good ship Lollipop into Blackbeard’s Queen Anne’s Revenge.
23 January 2013 – The Economic Collapse
012 While Hundreds Of Millions Starved
Continue reading this...
11 January, 2013 — The Wolf Report
Devaluation, Realization, Overproduction:
(3) Looked at precisely, that is, the realization process of capital — and money becomes capital only through the realization process– appears at the same time as its devaluation process [Entwertungsprozess], it’s demonetization. Continue reading this...
20 November, class=’StrictlyAutoTagBold’>2012 — The Wolf Reportclass=”post-body entry-content”>Value, Commodity, Value/Commodity Production, The Logic of Capital
1. Not for nothing does class=’StrictlyAutoTagBold’>Marx start out his critique with the exploration of the commodity as the embodiment of the facets of value.
17 November, 2012 — Wolf at the Doorclass=”main section”>class=”widget Blog”>class=”blog-posts hfeed”>class=”date-outer”>class=”date-posts”>class=”post-outer”>class=”post hentry”>class=”post-body entry-content”>1. The organization of landed property, of the landed estate, and of landed labor in class=’StrictlyAutoTagBold’>Egypt was driven and determined by that which could not truly be appropriated as property—water. Water and the lack thereof, regulated, so to speak, the oscillations between scarcity and abundance. Water and the lack thereof imposed an approximate egalitarianism; a communalism among those who settled along the banks of the Nile, just as water and the lack thereof compelled a rough equality among the Bedouins, the nomads of the desert. Continue reading this...
26 August, 2012 — The Wolf Report: Non-confidential analysis for the anti-investorMy Personal Very Own Introduction to Capital, Volume 1
Not that anyone asked me, and particularly not that anyone not asking me has ever stopped me from doing anything, but I thought I would provide my own introduction to Volume 1. The usual disclaimers apply– I’m right, or pretty close to right, or closer to right than anyone else, or almost anyone else. Those who really understand Marx will agree that I’m right, or pretty close to right, or closer to right than almost anyone else, except, of course themselves. And I agree with them. All of them.
25 August, class=’StrictlyAutoTagBold’>2012 — The Wolf Report
class=”post-title entry-title”>Introducing, for the very first time, here or anywhere else, another Introductionclass=”post-body entry-content”>1. Nobody just writes an introduction to class=’StrictlyAutoTagBold’>Marx’s Capital, which is okay because I almost never read books introducing class=’StrictlyAutoTagBold’>Marx’s Capital. It’s like asking somebody else to get yet somebody else’s phone number for you. If it’s your intent to call, then just introduce yourself, and get the number.
5 February 2012 — The Wolf Reports
class=’StrictlyAutoTagBold’>Marx provides a critical, historical exposition in his notes, draft, essay The Production Process of Capital, “Relative Surplus Value,” in volume 30 of the Collected Works [International Publishers, 1988] pages 294-299.class=’StrictlyAutoTagBold’>Marx begins: Continue reading this...
Speculation in Agricultural Commodities: Driving up the Price of Food Worldwide and plunging Millions into Hunger By Edward Miller
5 October 2011 — Global Research
CFTC treads water on world hunger
The Commodity Futures Trading Commission (CFTC) has again delayed the introduction of position limits required under the Dodd-Frank Act. These limits are intended to prevent speculation in (among other things) agricultural commodities, speculation which, many critics argue, have driven up the price of food worldwide and plunged millions into hunger.
2 August 2011 — The Wolf at the Door
1. Marx’s contribution to the critique of capital, of capitalism, of industrial capitalism is its historicism, its material historicity. The critique begins, ends, and is at all points in between configured by the realization that the substance of human history is the social organization of labor. Capitalism begins, ends, and is at all points configured around the opposition of the material conditions of labor—those instruments of production—to labor itself; the opposition of the labor process to the specific capitalist expression of that process. Labor opposes its organization of wage-labor as it reproduces it. Wage-labor exists as the loss, the devaluation of labor through its exchange as, and for, the commodity.
I. In his preface to the first edition of Capital, Volume 1, Marx writes that this work is the continuation of his work in A Contribution to the Critique of Political Economy, published 1859. Marx states:
The substance of that earlier work is summarized in the first three chapters of this volume. This is done not merely for the sake of connection and completeness. The presentation of the subject matter is improved. As far as circumstances in any way permit, many points only hinted at in the earlier book are here worked out more fully, whilst, conversely, points worked out fully there are only touched upon in this volume.
21 November, 2010 — The Wolf Report
In the exchange of commodities Marx examines the different rotations, appearances, of the commodity in its relative and equivalent forms of the expression of value. For exchange to expand, to dominate, to determine production, an equivalent for all commodities must be established. Just as human labor in general, in abstract, in its distilled, estranged existence as labor time is projected into the commodity as value, value is projected out of the commodity into the abstract, general, featureless, existence of money. Estrangement is now complete. Accumulation begins.
From here, Marx takes us to his essay on the fetishism of commodities in which Marx explores how and why it is the form of labor, the organization of production in capitalism that expresses human relations as the relations between things, and endows those relations between things with power over the relations of human beings. Direct production for direct need has disappeared. Production and need are associated only indirectly, mediated by the market, by exchanged. Value appears as an independent force, even a rational one, commanding equivalence, ensuring equity with a wave of its invisible hand.
As concise as Marx’s essay is, the essay itself is condensed in one sentence in the second footnote Marx provides: ‘When, therefore, Galiani says: Value is a relation between persons—‘La Ricchezza e una ragione tra due persone,’—he ought to have added: a relation between persons expressed as a relation between things.’
Having established the relative and equivalent forms of value from the exchange of commodities; the money form from the relative and equivalent forms of value in the process, the circuits of exchange; fetishism, form supreme, from the value expressed as money over human beings, Marx now returns to examine exchange— not simply to reiterate the different forms, or moments of the commodity as value, but rather as expressing historical moments, measures and manifestations of commerce. The transformation of exchange from barter or simple trade into commerce is the ‘record’ of the transformation of a useful surplus article into a commodity.
The commodity as a specific product, a useful article, and organized as value, then manifests the conditions of its production, i.e. labor as a specifically useful article that is organized as value.
S. Artesian November 21, 2010
Read Part One Here
14 November, 2010 — The Wolf Report:Nonconfidential analysis for the anti-investor
1. In his preface to the first edition of Capital, Volume 1, Marx writes that this work is the continuation of his work in A Contribution to the Critique of Political Economy, published 1859. Marx states:
The substance of that earlier work is summarised in the first three chapters of this volume. This is done not merely for the sake of connexion and completeness. The presentation of the subject matter is improved. As far as circumstances in any way permit, many points only hinted at in the earlier book are here worked out more fully, whilst, conversely, points worked out fully there are only touched upon in this volume.
Of course, it is these three chapters on commodities, exchange, and money that constitute not the core, but the entry, the vector to the core of Marx’s critique which is that capital is a historical relation of production, of property to labor; that value is the expropriation of the powers of labor.