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TreadOnMe , (edited )
@TreadOnMe@hexbear.net avatar

This is not true. Market economies originate with the state. Prior to markets, most societies engage in gift-economies, where value and price are relatively arbitrary and dictated by personal relationships, not scarcity. It is only when an army comes in and forces you to trade with it do we see the emergence of market economies. You are however, correct that the market we engage with right now focuses primarily on capitalization, which is generating the most amount of money. That is the structural logic of a ‘capitalist’ mode of production. The liberal (or really neo-liberal, but we are splitting hairs at this point) lie around this is that this mode of production is and encourages the most ‘efficiency’ or ‘productivity’. This is not true, as demonstrated in your example.

Within capitalism there will always be perverse incentives to value the ‘fetish’ (money) over the commodity (the object being produced). And it is this ‘fetishization of commodities’ that ultimately creates the series of rolling crises within capitalism, as the fetish must grow larger and larger even if (and especially if) the commodity production itself does not. The incentive isn’t to satisfy demand, it is to generate profit.

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