But let us suppose that such an imaginary and impossible state of
society really existed, in which money is in circulation, without the
exercise of general violence,--silver or gold serving as a measure of
value and as a medium of exchange. All the savings in such a society are
expressed by money. There appears in this society an oppressor in the
shape of a conqueror. Let us suppose that this oppressor claims the
cows, horses, clothes, and the houses of the inhabitants; but, as it is
not convenient for him to take possession of all this, he naturally
thinks of taking that which represents among these men all kinds of
values and is exchanged for everything,--money. And at once in this
community, money receives, for the oppressor and his assistants, another
signification, and its character as a medium of exchange therefore
immediately ceases.
The measure of the values will always depend on the pleasure of the
oppressor. The articles most necessary to him, and for which he gives
more money, are considered greater value, and _vice versa_; so that, in
a community exposed to violence, money at once receives its chief
meaning,--it becomes a means of violence and a ransom from violence, and
it retains, among the oppressed, its significance as a medium of
exchange only so far as that is convenient to the oppressor.
Let us picture the whole affair in a circle, thus:--The serfs supply
their landlord with linen, poultry, sheep, and daily labour. The
landlord substitutes money for these goods, and fixes the value of the
various articles sent in. Those who have no linen, corn, cattle, or
manual labour to offer, may bring a definite sum of money.
It is obvious, that, in the society of the peasants of this landlord,
the price of the various articles will always depend upon the landlord's
pleasure. The landlord uses the articles collected among his peasants,
and some of these articles are more necessary for him than others: he
fixes the prices for them accordingly, more or less. It is clear that
the mere will and requirements of the landlord must regulate the prices
of these articles among the payers. If he is in want of corn, he will
set a high price for a fixed quantity of it, and a low price for linen,
cattle, or work; and therefore those who have no corn will sell their
labour, linen, and cattle to others, in order to buy corn to give it to
the landlord.
If the landlord chooses to substitute money for all his claims, then the
value of things will again depend, not upon the value of labour, but
first upon the sum of money which the landlord requires, and secondly
upon the articles produced by the peasants, which are more necessary to
the landlord, and for which he allows a higher price.
Public-domain text, read in full here on John Shaqi.
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