[Marxism] Idealist relations and floating gold

["Charles Brown" <charlesb@xxxxxxxxxxxxxxxxxxxxx>]

Idealist relations and floating gold
Hugh Rodwell m-14970 at mailbox.swipnet.se 
Thu Sep 24 03:29:44 MDT 1998 

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BodyS writes:

> Contracts are not simply markers for expected commodities.  They
>are the way we define the relations of production and the mode of production.

Of course, they have *nothing* to do with products or wealth...

And relations exist in an ethereal limbo, in themselves, not relating
anything to anything, but just there in their own self-sufficiency. This is
the kind of theological sublimity you only get towards the end of Dante's
Paradiso or when Hegel is winding up one of his blockbusters in the
Quintessence of Absolute Spirit.

And then we get back to earth with a bump:

>       Gold is a fetish.  The dollar represents something quite tangible
>BECAUSE it floats.

In all innocence, BodyS reveals here that he thinks that gold doesn't float!

Gold as an official monetary standard floated more than the dollar does
because it was less at the mercy of one government, and more directly in
tune with value production in the world market.

Gold's a fetish of course at the same time, but that doesn't prevent it
from floating, nor does this prevent the Dollar too from being a fetish.

Cheers,

Hugh





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