Both a social relation and the universal commodity which is exchangeable for all other commodities. As a social relation, money is the power to command the labor of others. As the universal commodity, money is how exchange occurs under the capitalist mode of production. Money that is used to extract surplus value is capital.
Related Entries
- Capital
- Nation
- Petit-bourgeoisie
- Private property
- Bourgeoisie
- Capitalist
- Class
- Class dictatorship
- Commodity
- Disability
Author
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Comrade Katsfoter has written numerous pieces on political economy for Peace, Land & Bread and other radical publications.