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Reply #101: markets have existed from the beginnings of time. they're not a phenomenon [View All]

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-25-10 04:18 PM
Response to Reply #95
101. markets have existed from the beginnings of time. they're not a phenomenon
Edited on Thu Mar-25-10 04:22 PM by Hannah Bell
exclusive to capitalism.

two things that are, however = commodified labor & the tyranny of the profit motive, i.e. you have to get back more than you put in ("invested") in order to engage in production.

no profit, no production.

v. systems where you get back what you put in: simplest form = simple barter:

i trade my basket of strawberries for your basket of raspberries; value = roughly, labor hours in production.

bumper year: i trade my two baskets of strawberries for your basket of raspberries.

same labor, bumper conditions = less value vs other production. but the product continues to be "marketed" & consumed because people still want strawberries even when there are lots of them. and people still want raspberries, or apples, or whatever else there is to trade for.

simple example. oh, & please don't come back with more straw, e.g.: "oh, so you advocate moving back to a simple tribal barter system?"

because no, i don't. it's for your edification only, since you seem confused about the ubiquity of markets.



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