202. LIVING STRUCTURE OF MONEY - WHAT IS THE LIVING STRUCTURE OF MONEY?
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We
are considering the great thinker Karl Marx as "great" because he
actually deserves it. He had gone to the grass root examination of
"money" and he gave his famous work, the name : "DAS CAPITAL".
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Is "money" a living thing? Will money grow? Will money can die? What is the factor behind the "value" of currency? What is wealth? Can we count "currency" as wealth? To what extend currency can keep its value? We are considering the great thinker Karl Marx as "great" because he actually deserves it. He had gone to the grass root examination of "money" and he gave his famous work, the name : "DAS CAPITAL". He could go through his work in various aspects of "CAPITAL" and he found the role playing in the society by "capital". He said in his famous work; "Das Capital" that "The wealth of those societies in which the capitalist mode of production prevails, presents itself as “an immense accumulation of commodities,”; thereby he says that actual wealth in capitalism is "commodities". And he explains that how commodities are formed.
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If a worker works for a day, he gets "wages". So no one can dispute the reward he gets. There is new "money" there, money is being born. "Money" is, or is born from the value of the worker's labor power. Money is only truly created when labor power is used, regardless of who is working. The money or "wealth" that workers create is being stolen, or "stolen" by others. The world' exploitative classes are stern that the worker should always be poor. Under no circumstances should the worker live a decent life. In India, the Congress and the BJP are of the same mind on this. That is the foundation of the capitalist system.
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...........MONEY WILL GROW ONLY WHEN IT JOINING WITH MAN POWER.
..........Commodities are formed only through joining together with natural resources and man power of working class. Marx gave us answer for all questions shown above as only manpower of working class or anybody who is doing physical work. Somebody will think that if we are depositing money in banks as fixed deposit; we will get more money as interest and thereby money will increase; then we must consider that, value of currency is diminishing day by day and you can see that actually your money is not increasing. But if you are planting a coconut tree; and you gave all amenities for the growth of the tree; and after some years; you will get more coconuts; then you will get more money. There is actual increasing of money.
..........And also somebody purchasing a calf with a small amount and gradually will grew and later became a cow; he will get more money. There is actual growth of money; only utilizing his manpower. And if his cow dead due to anything; his money became dead. And what is the factor behind the value of currency? Actual value of the currency is in accordance with the production of commodities in the country. Any country can print enough currency; but can we assess such currencies as money? There should be enough commodities in the market to purchase by its citizens; and making commodities is not easy. And if there is no commodities in the market to purchase with the currency; we feel the currency is worthless. Printing of currency should be only in accordance with the production of commodities.
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Why is the "currency" causing deflation?? The value of the currency will remain stable only if the production of goods in the country increases in proportion to the currency printed by the government. The true value of a currency lies in the quantity of goods it is exchanged for. This is where Marx's assessment that "wealth in a capitalist economic system is experienced as a huge pile of commodities" comes into play. On the other hand, the measure of value is the labor power required to produce the goods you receive. Marx divided the capital invested by a capitalist starting an industry into two. Fixed capital and non-current capital. Capital invested in building, factory etc. is fixed capital. It does not grow. But growth occurs only in raw materials and capital paid as wages to workers. Capital increases only when goods are produced and sold. That is, capital grows only when the labor power of the worker is exploited.
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. ."MONEY" can also cause death when disasters occur.
...........In the past; transactions were done through barter system; and what was the factor deciding to admit the value of each item? There was also the same method admitted was that the manpower involving in each items. The value of currency is based also in the same manner that what we will get through the currency; the actual manpower involved to make the item. In his work "Das Capital" Marx divided the "capital" as two parts; capital spent for infrastructure such as building; machineries etc. and spending for purchasing raw materials and for paying as wages. And Marx could found that increasing only capital spent for as working capital; and the amount spent for infrastructure is not increasing. So Marx pointed out that capital is growing only when exploitation of manpower of working class is conducted. Marx also pointed out that the nature of capital is changing when it grow considerably; that when the capital was considerably small amount, the owner was very kind and gentleman; and when the capital grow considerably the owner became very greedy and cruel in his activities. His power in the society also became very high and he will capable to rule the country as power behind the curtain. In India, we could understand the power of "Ambani" who is playing as power behind the curtain. He could evade the GST of petrol and diesel.
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Marx made it clear in the Communist Manifesto itself that the bourgeoisie placed money above all else. "Profit" - Maximum Profit only. It trampled all human values. Only "selfishness" anywhere. They declared: "No hawk flies over money". As capital grows, so does its dominance. It will have the power to control even the governing bodies. Big corporates don't contest elections. Instead, political parties who are sure to implement whatever they say will be given the crores they demand. Privatization of all public sector institutions by Congress and BJP is also a part of it. That is what we call the dominance of capitalists or capital or money.
//03 07 2017//
