PORTFOLIO |
|
|
|
|
|
|
|
notes on 'The Fantasy of Equivalence'
story © Michael Betancourt | published December 7, 2017 | permalink |
|
|
|
|
|
An erasure of ontological distinctions plays a crucial role in the commodification of human labor as an assumption of equivalence between not only differently skilled labor, but the products of that labor: that the variable quality of production does not figure into its valuations. This basis is innate to the question Karl Marx addresses at the start of his analysis, Why is labor represented by the value of its product (commodities), and labor time by the magnitude of that value?, which reveals equivalence as a foundational, even necessary part of the definition of capitalism. Although exchange value arises from social activity, it is at the same time dependent on the suspension of differenceequivalence reifies the commodity form as an abstraction apart from its materiality, a separation that recalls the aura of the digitalreturning digital capitalism to its origins in the industrial labor. Marxs analytic enshrines equivalence by setting aside distinctions between high and low quality, as well as between skilled and unskilled labor, in order to advance an abstraction of that productive process that depended on the assumption of the interchangeability of commodities, labor, and capital. His disregard for the material and qualitative differences between commodities mirrored the labor-intensive manufacturing processes of the period when he developed his critique: the concern with the productive capabilities of labor as a constraint on production provides a literal limit on quantity, valuation, and quality of the productive labor performed, for example, by the unskilled child labor employed in the factories Marx was considering. This issuechild laboris an implicit and unacknowledged component assumption for his analytic, one that simultaneously passes without comment in its construction but that guides the conclusions he derives.
|
|
read more (985 words)
|
|
|
|
|
|
|
|
|
|
|
|