The money-claim made by the landlord on the peasants ceases to influence
the prices of the articles only when the peasants of this landlord live
separately from other people and have no connection with any one; and
secondly, when the landlord employs money, not in purchasing things in
his own village, but elsewhere. Only under these two conditions would
the prices of things, though changed nominally, remain relatively the
same, and money would become a measure of value and a medium of
exchange.
But if the peasants have any business connections with the inhabitants
surrounding them, the prices of their produce, as sold to their
neighbours, would depend on the sum required from them by their
landlord. (If less money is required from their neighbours than from
themselves, then their products would be sold cheaper than the products
of their neighbours, and _vice versa_.) Again, the landlord's
money-demand would cease to influence the prices of the articles, only
when the sums collected by the landlord were not spent in buying the
products of his own peasants. But if he spends the money in purchasing
from them, it is plain that the prices of various articles will
constantly vary among them according as the landlord buys more of one
thing than another.
Suppose one landlord has fixed a very high poll-tax, and his neighbour a
very low one: it is clear that on the estate of the first landlord every
thing will be cheaper than on the estate of the second, and that the
prices on either estate will depend only upon the increase and decrease
of the poll-taxes. This is one effect of violence on value.
Another, rising out of the first, consists in relative values. Suppose
one landlord is fond of horses, and pays a high price for them; another
is fond of towels, and offers a high figure for them. It is obvious that
on the estate of either of these two landlords, the horses and the
towels will be dear, and the prices of these articles will be out of
proportion to those of cows or of corn. If to-morrow the collector of
towels dies, and his heirs are fond of poultry, then it is obvious that
the price of towels will fall and that of poultry will rise.
Wherever in society there is the mastery of one man over another, there
the meaning of money as the measure of value at once yields to the will
of the oppressor, and its meaning as a medium of exchange of the
products of labour is replaced by another,--that of the most convenient
means of utilizing other people's labour.
The oppressor wants money neither as a medium of exchange,--for he takes
whatever he wants without exchange,--nor as a measure of value,--for he
himself determines the value of everything,--but only for the
convenience it affords of exercising violence; and this convenience
consists in the fact that money may be stored up, and is the most
convenient means of holding in slavery the majority of mankind.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account