[Marxism] Market, Capitalism, Commodity

[Chris <cwarren@xxxxxxxxxxx>]

Dogan Gocmen asked:  How can you 
separet capitalism from commodification and therefore from market. A 
market based society can only be capitalism.

However it seems to me you can have a market without capitalism except
where you have a planned economy.

Under certain conditions, a market produces the "socially necessary"
measure to commodity value (exchange price) as this varies according to
changing technique and human needs and appetites.

This does not apply under capitalism.  A capitalist market produces the
politically necessary measure of commodity selling price.

In theory, where pure competitive markets (with free entry, no
oligopoly, full information etc) exist capitalist profit will be
competed down to nil.  Even capitalist economist Marshall noted this
fact in his "Principles ....".

The socialist principle - from each according to their abilities, to
each according to their contribution" does lend itself to market
solutions.

The communist principle - from each according to their abilities, to
each according to their needs, does not.

Chris Warren



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