Money, in its most exact and at the same time its simplest definition,
represents conventional signs, which bestow the right,--or rather the
possibility,--to use the work of other men. In its ideal meaning, money
ought to give this right or possibility only when it serves itself as a
representative of labour, and as such, money could exist in a society
devoid of any kind of violence. But as soon as violence takes place in a
society, i.e., the possibility of the utilizing of the labour of others
by the idler,--then this possibility of using the labour of others,
without defining persons over which this violence is committed, is also
exercised in money.
The landowner taxed his serfs by a contribution in kind, making them
bring a certain quantity of linen, corn, cattle, or a corresponding
amount of money. One household delivered the cattle, but the linens were
replaced by money. The landowner accepts the money in a certain
quantity, only because he knows that for this money he can get the same
pieces of linen (generally he takes a little more money to be sure that
he will receive for it the same quantity of linen), and this money
evidently offers for the landowner lien on other men's labour.
The peasant gives money as a security against persons unknown but
numerous, who would undertake to work out so much linen for this money.
Those who will undertake to work the linen will do it because they did
not succeed in feeding the sheep, and for these they must pay in money;
and the peasant who will get the money for the sheep will take it, only
because he must pay for the corn, which was a failure that year. The
same goes on in the State and all over the world.
A man sells the produce of his past, present or future labour, sometimes
his food-stuff, not mostly because money is a convenient exchange for
him,--he would exchange without money,--but because he is required by
means of violence to give money, as a security on his work.
When Pharaoh has demanded the labour of his slaves, then the slaves have
given him all their labour, but they could give only the past and
present labour, and could not give that of the future. But with the
spread of money tokens and their result of "credit" it becomes possible
to give also one's future work for money.
Money, with the existence of violence in society, offers the means for a
new form of impersonal slavery, which replaces the personal one. A
slave-owner claims a right to the work of Peter, Iván, Sidor. But
wherever money is required from everybody, the owner of money acquires a
claim on the labour of all those unknown people who are in need of
money. Money removes the painful side of slavery, by which the owner
knows about his right on Iván, at the same time it removes all those
human relations between the owner and the slave, which softened down the
burden of personal slavery.
Public-domain text, read in full here on John Shaqi.
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