workers press

The Socialist Labour League's press: The Newsletter, Workers Press, Labour Review and Fourth International, 1952–1973. A searchable archive of the scans

STALINISM BRITAIN

By Robert Black

Workers Press no. 278, 17 October 1970 · scan page 3

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НА Сами нар зі. SwA ice 24s post incl I would like information about TROTSKYIST ANALYSIS A commodity has a certain use: a coat is used to keep its wearer warm, for example. However each commodity also has an exchange value: it has a certain value in relation to all other commodities: a coat, for example, might exchange for two pairs of shoes.

The rate at which commodities exchange is determined by the proportion of total social labour which they embody.

In all pre-capitalist society the production of wealth had largely taken the form of the production of use values, that is the production of goods for the actual producer's use.

With the development of commodity production - the sale of goods on the market — production of exchange values becomes the dominant aim. For in selling his commodity a producer is losing control KARL MARX materials, power, heat, light, machinery and labour power with which he then produces commodities, there is an increase in value. This will allow him to take what he needs for his own consumption and allow him to start the process again, but on an extended scale.

The capitalist is not just greedy. He is in competition

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