This science says, "Money is as much an article of merchandise as
anything else which contains the value of its production, only with this
difference,--that this article of merchandise is chosen as the more
convenient medium of exchange for establishing values, for saving, and
for making payments. One man has made boots, another has grown wheat,
the third has bred sheep; and now, in order to exchange more
conveniently, they put money into circulation, which represents the
equivalent of labour; and by this medium they exchange the soles of
boots for a loin of mutton, or ten pounds of flour."
Students of this sham science are very fond of picturing to themselves
such a state of affairs; but there has never been such a condition in
the world. This idea about society is like the fancy about the
primitive, prehistoric, perfect human state which the philosophers
cherished; but such a state never existed.
In all human societies where money has been used there has also been the
oppression by the strong and the armed of the weak and the defenceless;
and wherever there was oppression, there the standard of value, money,
whatever it consisted of, cattle or hides, skin or metals, must have
unavoidably lost its significance as a medium of exchange, and received
the meaning of a ransom from violence.
There is no doubt that money does possess the inoffensive properties
which science enumerates; but it would have these properties only in a
society in which there was no violence,--in an ideal state. But in such
a society money would not be found as a general measure of value. In
such a community, at the advent of violence, money would immediately
lose its significance.
In all societies known to us where money is used it receives the
significance of a medium of exchange only because it serves as a means
of violence. And its chief object is to act thus,--not as a mere medium.
Where violence exists, money cannot be a true medium of exchange,
because it is not a measure of value,--because, as soon as one man may
take away from another the products of his labour, all measures of value
are directly violated. If horses and cows, bred by one man, and
violently taken away by others, were brought to a market, it is plain
that the value of other horses and cows there, when brought into
competition with stolen animals, would no longer correspond with the
labour of breeding them. And the value of everything else would also
change with this change, and so money could not determine values.
Besides, if one man may acquire by force a cow or a horse or a house, he
may by the same force acquire money itself, and with this money acquire
all kinds of produce. If, then, money itself is acquired by violence,
and spent to purchase products, money entirely loses its quality as a
medium of exchange.
The oppressor who takes money and gives it for the products of labour
does not exchange anything, but obtains from labour all that he wants.
Public-domain text, read in full here on John Shaqi.
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