AUT: The Line

["Karl" <dagda@xxxxxxxxxx>]

Technical analysis views the corporation as a share price line on a graph.

Commodities to exist socially must establish themselves as exchange values.
This means that it is immaterial as to whether they are cars or rubber
ducks. The essential point is that they are exchange values. This is
alienation and fetishism.

In the same way for the stock exchange what is produced does not matter. All
that matters is the pattern of its share price line. This means that the
essential point is the behaviour of this line. The behaviour of this line
determines the share value of the corporation and can even determine the
entire character of the corporation. The corporation only matters in terms
of this line. The requirement is that the corporation make that line look
attractive. This is concentrated alienation. This is complete indifference
as to the whole life of the corporation and the kind of things that it
produces -its human importance. The only thing that counts is the line. The
line determines and regulates the corporation. The line is the fetish that
is divorced from us and controls production. The line can only exist within
the context of exchange value. Exchange value is the basis for the line. It
is exchange value, a reified abstraction, that determines and controls what
is produced and how much. It is exchange value that lies veiled behind the
share price line. Exchange value is the basis for the alien power of this
line. This line determines what is produced and how much and under what
conditions. It determines and regulates human existence. It can even
determine wars. This line determines the actions of thousands of individual
traders and their clients. It determine whether a worker has a job or not.
Their obtains an unbreakable line between exchange value, the stock exchange
and this line. We are now ruled by a line. We watch with anxious
anticipation as to how the line changes shape since our existence depends on
it. Praised be to the line.

What appears so remote and so much the opposite to the nuts and bolts of the
production of commodities, the share price line, is the very thing that
determines the very existence of those nuts and bolts. Gambling on the stock
market determines human existence and the character of that existence. This
constitutes the culmination of fetishism. Stock market behaviour occupies
central attention for the media and millions of people around the world. The
stock market rules our lives. The stock market is invested with the
attributes of a natural thing. It does not appear that it is the system of
production that endows the stock market with such status. The form of
appearance is that the stock market dominates  reproduction of wealth. The
stock market is the way in which the production process regulates and
organises itself.  The share line is the form by which society constitutes
itself. This line is the medium by which people socialise and interact with
each other. The stock market is the basis for human society, human social
relations and human activity. People exist and organise themselves through
the stock market. Through this alien thing that appears to have nothing to
do with philosophy and art and yet determines and shapes them. This form of
regulation has its source in the production process. Production is the
source of the stock market. Valorisation is its source. Consequently to
eliminate this form of reified regulation, the stock market, the production
has to be reconstituted. Production has to be reconstituted if the stock
market as social regulator is to be dissolved. To destroy the stock market
production has to be reorganised along communist lines. The present mode of
production cannot exist in the absence of the stock exchange. The stock
exchange is an historical necessity. The fetishisation of the stock exchange
is an attempt to confine responsibility for social problems and crises to
the stock exchange. It is to suggest that economic crises has nothing to
with the fundamental character of the mode of production. It is to suggest
that the stock exchange is independent of the mode of production while the
cause of its problems. It is to suggest too that the stock market is an
epiphenomenon, an accidental development -an aberration. It is to be the
prisoner of the way in which capital appears or presents itself -to be
prisoner of false appearances. The appearance of the stock market
contradicts the essence of capital. To reinforce the fetish character of the
stock market is to promote the perpetuation of both capital and the stock
market. It is to fetish the stock market. The perception that the stock
market has nothing really to do with the real economy is to mystify the
nature of capital. It is just what capital wants you to think. This is the
basis for its continued existence. The blame is placed on speculation, on
the bubble blowing. Ignored is that capital's (exchange value)   inherent
nature is speculative. Exchange value implies speculation, bubbles and stock
markets. Sale and purchase has an inherently speculative character. Social
necessity is established after the fact.


Karl Carlile
Communism Site:
http://homepage.eircom.net/~beprepared/




     --- from list aut-op-sy@xxxxxxxxxxxxxxxxxxxxxxxxxx ---