A popular coal-miner’s riddle from the 1930s summarizes one of capitalism’s most visible and absurd contradictions. After a daughter asks her father why their home is so cold, he tells her they don’t have any money to purchase coal. He explains they don’t have money because he lost his job at the coal mine. When the daughter asks why he lost his job, the father answers: “Because we produced too much coal”.
For a contemporary example, how many of us have, through a religious institution, school, mutual aid organization, or other community group, participated in a clothing drive, soliciting gently-used clothing to give to those in need? How many of us need to borrow (or bargain-shop for) nice clothes for job interviews or court appearances? One would think the world is short on clothing. The truth is that the majority of the garments we produce go to landfills instead of other workers. In 2018, 60 percent of 100 billion clothing items were trashed. Despite the immense data-tracking technologies, even garment specialists don’t know how many clothes we produce each year, according to a 2024 article in The Guardian. Based on accessible information, however, “between 80bn and 150bn garments are made” annually, and 10 – 40 percent (or up to 60 billion clothing items) aren’t sold.
A November 2024 study by United Way NCA provides a more contemporary and data-based illustration of the inhumanity of capitalist overproduction. Analyzing data from the U.S. Census and the Department of Housing & Urban Development, they found “there are currently 28 vacant homes for every one person experiencing homelessness in the U.S.”.
There are countless other examples, some more dramatic than others, that show the absurdity of the capitalist system through one of its fundamental contradictions: overproduction. Generally speaking, overproduction occurs when too much is produced compared to how much can be sold at a profit.
Read the full article here: https://www.liberationschool.org/overproduction/
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A popular coal-miner’s riddle from the 1930s summarizes one of capitalism’s most visible and absurd contradictions. After a daughter asks her father why their home is so cold, he tells her they don’t have any money to purchase coal. He explains they don’t have money because he lost his job at the coal mine. When the daughter asks why he lost his job, the father answers: “Because we produced too much coal”.
For a contemporary example, how many of us have, through a religious institution, school, mutual aid organization, or other community group, participated in a clothing drive, soliciting gently-used clothing to give to those in need? How many of us need to borrow (or bargain-shop for) nice clothes for job interviews or court appearances? One would think the world is short on clothing. The truth is that the majority of the garments we produce go to landfills instead of other workers. In 2018, 60 percent of 100 billion clothing items were trashed. Despite the immense data-tracking technologies, even garment specialists don’t know how many clothes we produce each year, according to a 2024 article in The Guardian. Based on accessible information, however, “between 80bn and 150bn garments are made” annually, and 10 – 40 percent (or up to 60 billion clothing items) aren’t sold.
A November 2024 study by United Way NCA provides a more contemporary and data-based illustration of the inhumanity of capitalist overproduction. Analyzing data from the U.S. Census and the Department of Housing & Urban Development, they found “there are currently 28 vacant homes for every one person experiencing homelessness in the U.S.”.
There are countless other examples, some more dramatic than others, that show the absurdity of the capitalist system through one of its fundamental contradictions: overproduction. Generally speaking, overproduction occurs when too much is produced compared to how much can be sold at a profit.
Read the full article here: https://www.liberationschool.org/overproduction/
The class struggle in every commodity: Use value and exchange value
Liberation Audio
15 minutes 2 seconds
1 year ago
The class struggle in every commodity: Use value and exchange value
Every year, Pew Research publishes a study on the U.S. population’s political priorities. Their 2024 report shows that, like the previous years, “no single issue stands out after the economy,” with almost 75 percent of respondents rating it the main goal for the next administration, a rate “considerably larger” than any other policy. Yet when we see pundits discuss “the economy” on the news, they speak an obscuring language.
The economy is an abstraction, in that there is no such “thing” as the economy. What we call “the economy” is, in reality, the ways that humans produce, distribute, exchange, and consume products or services. In this sense, “the economy” has a history as long as humanity. Yet there are different ways of organizing the economy. Unlike what we’re taught, the capitalist economy is a relatively recent phenomenon and is neither the final, just, most effective, nor possible form of organizing what, how, and why we produce.
The introductory article to this series ended with one of the most foundational of the contradictions of capitalism: between use value and exchange value. Understanding this one contradiction goes a long way in helping understand the antagonism between those of us who live by working and the few of them who live by making us work. The conflict between use value and exchange value is an expression of the struggle between classes.
This entry explains some aspects of the contradiction between use value and exchange value, how they help us better understand the world around us, and some ways we can wield that understanding to explain the exploitation humans, all living creatures, and the Earth suffer from, which is necessary for eliminating the root cause of that suffering.
Read the original article here: https://www.liberationschool.org/use-value-exchange-value/
Liberation Audio
A popular coal-miner’s riddle from the 1930s summarizes one of capitalism’s most visible and absurd contradictions. After a daughter asks her father why their home is so cold, he tells her they don’t have any money to purchase coal. He explains they don’t have money because he lost his job at the coal mine. When the daughter asks why he lost his job, the father answers: “Because we produced too much coal”.
For a contemporary example, how many of us have, through a religious institution, school, mutual aid organization, or other community group, participated in a clothing drive, soliciting gently-used clothing to give to those in need? How many of us need to borrow (or bargain-shop for) nice clothes for job interviews or court appearances? One would think the world is short on clothing. The truth is that the majority of the garments we produce go to landfills instead of other workers. In 2018, 60 percent of 100 billion clothing items were trashed. Despite the immense data-tracking technologies, even garment specialists don’t know how many clothes we produce each year, according to a 2024 article in The Guardian. Based on accessible information, however, “between 80bn and 150bn garments are made” annually, and 10 – 40 percent (or up to 60 billion clothing items) aren’t sold.
A November 2024 study by United Way NCA provides a more contemporary and data-based illustration of the inhumanity of capitalist overproduction. Analyzing data from the U.S. Census and the Department of Housing & Urban Development, they found “there are currently 28 vacant homes for every one person experiencing homelessness in the U.S.”.
There are countless other examples, some more dramatic than others, that show the absurdity of the capitalist system through one of its fundamental contradictions: overproduction. Generally speaking, overproduction occurs when too much is produced compared to how much can be sold at a profit.
Read the full article here: https://www.liberationschool.org/overproduction/
