By Fred Moseley, December 16, 2020
Sunday, December 24, 2023
3629. Marx’s Value Theory and the Value Form Interpretation
As I mentioned in a recent blog, at the Historical Materialism conference in London in November, there was a book launch for Fred Moseley’s new book Marx’s Theory of Value in Chapter 1 of Capital: A Critique of Heinrich’s Value-Form Interpretation. Michael Heinrich and Winfried Schwarz (a German Marxist who is also critical of Heinrich’s interpretation) participated in the book launch.
Moseley’s book is an examination of Marx’s theory of value in Chapter 1 of Capital, almost paragraph by paragraph in Sections 1 and 2, and a detailed critique of Heinrich’s value-form interpretation of Chapter 1, as presented in his 2021 book How to Read Marx’s Capital, which is a translation of his 2018 book Wie das Marxsche Kapital Lesen?

Heinrich is a well-known German Marxist who has published widely on his value-form interpretation of Marx’s theory of value, and his work is influential not only in Germany, but also in the UK and other countries in Europe and around the world. He criticises the traditional interpretation of the labour theory of value, according to which the value of commodities is determined solely in production, and he argues that value is created only when it is converted into money through the sale of commodities on the market.

Moseley is one of the foremost scholars in the world today on Marxian economic theory. He has written or edited many books on Marxist theory. He reckons instead that Marx presented a labour theory of value according to which the value of commodities is determined solely in production by the socially necessary labor time required to produce the commodities. And Moseley argues in his book that the textual evidence in Chapter 1 overwhelmingly supports the labour theory of value interpretation of Marx’s theory of value.

The relevance and importance of this debate may seem obscure to many readers of Marx. So Fred Moseley kindly agreed to be interviewed on his new book and the controversy with Heinrich.
MR: How did this book come about?
FM: ”First of all, I want to thank you for the opportunity to discuss my book with you and your many readers.
Heinrich’s book cited above is a detailed textual study of the first seven chapters of Capital. Heinrich is not very well known in the US, but he is very influential in Germany and other European countries. He is something like a David Harvey of Europe. But I am convinced that Heinrich’s book is a fundamental misinterpretation of Marx’s theory, so I decided to engage critically with Heinrich’s book.
I started by writing a paper on Chapter 1, the foundation of Marx’s theory and Heinrich’s interpretation. I presented this paper in a Zoom conference in June 2021 sponsored by Gyeongsang National University in South Korea. An assistant editor of Palgrave’s Marx, Engels and Marxism series, Paula Rauhala, watched the my presentation and she contacted me and suggested that I write a longer version of my paper as a Palgrave Pivot book. A Pivot book is a new initiative by Palgrave of short books, with a limit of 50,000 words (which I exceeded by 10,000 words!). I am grateful to Paula for that suggestion and this little book is the result.”
MR: Please give us an overview of your book
FM: “My little book is a detailed textual study of Marx’s Chapter 1 and Heinrich’s interpretation of Chapter 1. The book consists of only 4 chapters.
Chapter 1 of this book presents my interpretation of Marx’s theory of value in Chapter 1 of Capital, including a section on each of the four sections of Marx’s Chapter 1. Chapter 2 presents Heinrich’s interpretation of Chapter 1 of Capital and my detailed critique of Heinrich’s interpretation 1, with the same four sections.
Chapter 3 is about a 55-page manuscript that Marx wrote in 1872 in preparation for the 2nd German Edition of Volume 1, which is mainly about Section 3 of Chapter 1, entitled ‘Additions and Changes to the First Volume of Capital’, which Heinrich has emphasised in his book and in previous works to provide textual support for his ‘value-form interpretation’ of Chapter 1. This important manuscript has not yet been translated into English. A translation of a 4-page excerpt of this manuscript is included in Heinrich’s book as an appendix. So Chapter 3 of my book presents my interpretation of this manuscript and a critique of Heinrich’s interpretation. A translation of this entire manuscript should be a high priority of Marxian scholarship.
My book is very abstract theory, about the most abstract part of Marx’s theory, the beginning of Marx’s theory in which he presents the foundation of his labour theory of value. Marx said in the Preface to the 1st edition of Volume 1 of Capital that “beginnings are always difficult in all sciences”, and that is certainly true of Marx’s theory. The best way to read my book is to have Heinrich’s book and Volume 1 of Capital close at hand.”
MR: How would you summarise the main conclusions of your book?
FM: “The main conclusions of my book are the following:
1. The subject of analysis of Chapter 1 is the commodity, not a separate, isolated commodity, but a representative commodity, a commodity that represents all commodities and the properties that all commodities have in common (use-value and exchange-value). In the Preface to the 1st edition, Marx described the commodity as the “elementary form” or the “cell form” of capitalist production. So Marx analyses the properties of a representative commodity similar to the way cellular biology analyses the properties of a representative cell. It’s like putting a commodity under a microscope and analysing its main properties.
Marx’s representative commodity in Chapter 1 is assumed to have been produced, but not yet exchanged. This is crucial for the critique of Heinrich’s interpretation. According to Heinrich, the subject of analysis of Chapter 1 is not the properties of a representative commodity, but instead is what he calls an “exchange relation” between two commodities, which he argues is the end result of two actual exchanges between the two commodities and money on the market.
2. The value of commodities is derived in Section 1 of Chapter 1 from the property of the exchange-value of the representative commodity (i.e. from the property that each commodity is equal to all other commodities in definite proportions). And this general relation of equality between each commodity and all commodities requires a common property that is possessed by all commodities and that determines the proportions in which different commodities are equal.
Marx argued that this common property of all commodities that determines their exchange-values is the objectified abstract human labour contained in commodities. And this is the result of the abstract human labour expended in production to produce the commodities.
According to Heinrich, on the other hand, the value of commodities is not derived from a relation of equality between all commodities, but instead is derived from an analysis of an “exchange relation” between two commodities, which he argues presupposes actual exchanges of the two commodities with money on the market.
3. The magnitude of the value of each commodity is “exclusively determined” (p. 129) by the quantity of socially necessary labour-time expended in production to produce each commodity. Heinrich argues, on the other hand, that the magnitude of value of a commodity depends in part on the relation between supply and demand for the commodity on the market. This is the best-known assumption of the value-form interpretation of Marx’s theory of value.
4. The labour that produces commodities has a dual character in production: both concrete labour and abstract labour are characteristics of the same labour process in production. Section 2 of Chapter 1 in particular presents very strong textual evidence to support this interpretation of the dual character in production of labour that produces commodities.
Weaving and tailoring are Marx’s two examples in Section 2. The labour process of weaving produces the use-value of linen, its dual character also being abstract human labour that produces the value of the linen. The same dual character is true of the labour process of tailoring (and all other particular labour activities). The values of the linen and the coat are compared by comparing the labour-time required to produce each one of them and nothing is said in this about exchange in this section.
Heinrich argues, on the other hand, that labour in production is only concrete labour and is not yet abstract labour. Abstract labour comes to exist only in exchange, and thus the dual character of the labour that produces commodities comes to exist only in exchange. According to Heinrich’s interpretation, tailoring and weaving (and any other labour process) possess only a single character in production, not a dual character. This interpretation is clearly contradicted by Section 2.”
MR: Please say more about Heinrich’s interpretation of “exchange relation”. That seems to be a central concept in Heinrich’s interpretation.
FM: “Heinrich’s concept of “exchange relation” is completely original with him. No one else puts so much emphasis on this term and defines it the way he does. And it is a new concept in his interpretation; it was not included in his 2012 book Introduction to Marx’s Capital. And unfortunately, he does not explain this very well in this book, especially for such a fundamental concept. There is nothing in his Introduction about this concept; there are only 1½ pages in an appendix in the back of the book on the abstractions that result in this concept (which he doesn’t refer to once in the rest of the book) and 1½ pages in his first discussion of this concept on pp. 53-54. And from then on, he just presumes his interpretation of exchange relation and applies it to different passages in Marx’s text.
I am pretty sure that most readers of Marx (especially beginning readers) will not understand the meaning and significance of Heinrich’s concept of exchange relation in his interpretation. A young Marx scholar from Australia wrote a 2000-word review of Heinrich’s book for Marx and Philosophy and she didn’t mention the concept of exchange relation at all. I myself had to work pretty hard to understand it because it is so poorly presented.
Heinrich defines exchange relation as an exchange between two commodities. To take one of his examples that is borrowed from Marx:
1 quarter of wheat is exchanged for x boot-polish.
Heinrich comments that this definition seems like direct barter exchange between the two commodities, but he states that this is not so, because direct barter seldom actually happens in capitalism. Instead, Heinrich interprets the exchange relation between two commodities as the end result of two actual acts of exchange between the two commodities and money on the market. Thus…
1 qtr. of wheat is sold for 10 shillings and 10 shillings is used to purchase x book-polish
The important point is that Heinrich’s concept of exchange relation between two commodities presupposes actual exchanges between these two commodities and money on the market. Heinrich does not clearly specify whether these acts of exchange that are presupposed in his interpretation of the exchange relation are assumed to be actual acts of exchange on the market. However, they must be actual acts of exchange in order to be consistent with Heinrich’s general value-form interpretation, according to which commodities possess value only if they have been actually exchanged on the market.
Before actual exchange, according the Heinrich’s interpretation, commodities do not possess value (indeed, products are not even commodities) before exchange. Products of labour become commodities and commodities come to possess value only as a result of actual exchanges on the market. Therefore, since the commodities that Marx analyses in Section 1 (e.g. wheat and boot-polish) are assumed to possess value, in order to be consistent with Heinrich’s general value-form interpretation, he must also assume that these commodities have been actually sold and bought on the market. If the commodities have not been actually exchanged on the market, then these commodities would not possess value, according to Heinrich’s general value-form interpretation.
However, there is absolutely no textual evidence in any of Marx’s several drafts of Chapter 1 to support Heinrich’s idiosyncratic interpretation of the exchange relation between two commodities – that it presupposes actual acts of exchange between these two commodities and money on the market. This interpretation is Heinrich’s invention. He does not cite any other authors with a similar interpretation of exchange relation, because there are none. And the exchange relation is the most important concept in Heinrich’s interpretation of Chapter 1. If his fundamental concept of exchange relation is a misinterpretation of Marx’s theory, then the rest of Heinrich’s interpretation of Chapter 1 is a misinterpretation and is unacceptable.
I think it is clear that the subject of analysis of Chapter 1 is the commodity, a representative commodity that is used to analyse the properties that all commodities have in common – use-value and value. Chapter 1 is not about exchange at all. The commodity that is analysed in Chapter 1 has been produced, but not yet exchanged. Exchange is not considered until Chapter 2 (“The Process of Exchange”).
In recent weeks, while preparing for the HM conference and for this interview, I have come to realise more clearly that there is a fundamental contradiction in what Heinrich is trying to accomplish in his recent book. In his previous works, he has presented (many times and all over the world) a strong value-form interpretation of Marx’s theory of value, according to which the value of a commodity exists only as a result of an actual exchange on the market. Before exchange, a commodity does not possess value (it only possesses use-value). For the textual evidence to support this interpretation, he has used a handful of key passages that are taken from various texts in isolation and out of context. As we know, one can always find passages that seem to support almost any interpretation of Marx’s theory. And Heinrich is very good at this quotation game.
However, his most recent book is different; it is an attempt to interpret the first seven chapters of Volume 1, especially Chapter 1, as a value-form theory – and that Marx was the original value-theorist! Heinrich goes from page to page in Chapter 1 and consistently tries to interpret key passages in a value-form way. This is a very difficult task because there are so many passages in these chapters, especially Chapter 1, that contradict a value-form interpretation. Indeed, in my view, Heinrich’s task is an impossible task. My book follows his detailed commentaries point by point and exposes the errors in his value-form interpretation.”
MR: What was the main disagreement between you and Heinrich in your book launch at the recent Historical Materialism conference?
FM: “Not surprisingly, the main disagreement in the session was over the meaning of exchange relation in two paragraphs in Section 1. He argued that I misinterpreted Marx’s concept of exchange relation, not as an act of exchange between two commodities, but as a relation of equality between two commodities, and that I just substituted my meaning of exchange relation for Marx’s meaning in the two passages. And he argued that these two passages are proof that that Section 1 analyses individual commodities as part of an exchange relation.
But that is not true. I did not just substitute my meaning of exchange relation for Marx’s meaning in these paragraphs. Rather, I argued that the exchange relation in these paragraphs is a synonym for exchange-value. The exchange-value of each commodity is defined in the preceding paragraphs in Section 1 as the property of each commodity that is equal to all other commodities in definite proportions that are mutually consistent. That implies that all commodities possess a common property that determines the proportions in which different commodities are equal. Therefore, the exchange relation between two commodities in these paragraphs is also a relation of equality between two commodities, which implies the necessity of a common property possessed by each one of them.
Instead I argued that Heinrich is the one who misinterprets Marx’s concept of exchange relation with his strange definition as the end result of actual exchanges between the two commodities and money on the market,. There is absolutely no textual evidence to support this interpretation of actual market exchanges presupposed in Chapter 1. My interpretation of exchange relation as a relation of equality between commodities is much more reasonable and plausible than Heinrich’s complicated and idiosyncratic interpretation of the end result of actual exchanges between commodities and money on the market. “
MR: Are there other points that you would like to emphasise?
“I also want to mention Heinrich’s unusual interpretation of the word “common” in Marx’s derivation of value in Section 1 – that value is the common property of commodities that determines their exchange-values – because it is an important point in his interpretation that he has emphasised in all his writings, including in the book I am criticising.
Take the concluding paragraph of Marx’s derivation of value on p. 128: “All these things now tell us is that human labour-power is expended to produce them, human labour is accumulated in them. As crystals of this social substance, which is common to them all, they are values – commodity values. ” I argue that Marx’s meaning of “common to them all” in this passage is the usual meaning of “common” , namely that the same property is possessed by each individual commodity by itself, on its own.
Heinrich argues, on the other hand, that the meaning of “common” in this passage and in other passages is ambiguous – i.e. it could also mean a property that each individual commodity possesses, not by itself, but only together with another commodity in an exchange relation (exchange relation again!), and this is what Marx means here and elsewhere when he says that value is a common property of commodities. According to Heinrich, outside of an exchange relation, an individual commodity does not possess the ‘common property’ of value.
However, I don’t think Marx’s meaning of “common to them all” is ambiguous at all; Marx states that the common property of commodities is the human labour accumulated in them as a result of the labour expended to produce them (each one of them), prior to and independent of its exchange with another commodity. Nothing is said about exchange and exchange relation in this key concluding passage.
Three paragraphs before the passage just quoted, Marx presents a geometric example of area as a common property of different geometric figures. Area is a ‘”common property” of each figure, independent of its comparison to the area of another figure. The similarity between the area of geometric figures and the value of commodities is that, in both cases, the objects possess a common property independently of a quantitative comparison between them. Heinrich does not comment on this illuminating geometric example which contradicts his interpretation that the common element of value is created in the exchange itself. Clearly, the area of geometric figures is not created by a comparison of their areas.
One other point I want to mention. In working on this book, I noticed for the first time that Marx repeatedly used the phrase the “own value” of an individual commodity in Section 3 of Chapter 1 (seven times); for example, the “own value” of 10 yards of linen or the “own value” of a coat (see pp. 100 and 104-06 of my book). The own values of the linen and the coat are compared and equated, but nothing is said about exchange. These passages are clear and unambiguous textual evidence that each individual commodity possess its “own value”, independent of acts of exchange between commodities and money on the market. This directly contradicts Heinrich’s interpretation that an individual commodity possesses value only if it has been actually exchanged with money on the market. Heinrich quotes only 3 of these 7 ‘own value’ passages and presents little or no commentary on any of them. Twice he quotes the adjoining sentences, but not these revealing sentences.”
MR: What difference does this debate over the details of Marx’s value theory make in the bigger picture?
FM: “I think it is important to get the details of Marx’s theory of value straight, because it is the foundation for Marx’s theory of surplus-value as a theory of exploitation in Volume 1. And the theory of value is also the foundation of his theory of the falling rate of profit and crises that you have presented so well in your own work. In the Preface to the 1st edition of Capital, Marx stated: “To the superficial observer, the analysis of these forms [the commodity-form of the product of labor and the value-form of the commodity] seems to turn upon minutiae. It does in fact deal with minutiae, but so does microscopic anatomy.” Microscopic anatomy is necessary for the understanding of organic bodies, and similarly Marx’s theory of value is necessary for an understanding of the capitalist economy.
My book is specifically about Heinrich’s book, but it applies to the value-form interpretation of Marx’s theory in general. And my conclusion is that Marx’s theory of value cannot be reasonably be interpreted as a value-form theory. I think that is an important conclusion. We should move on from the value-form interpretation of Marx’s theory.
I worry about Heinrich’s influence on the understanding of Marx’s theory. His interpretation is very influential in Germany and elsewhere in the world, especially among young people. And I am convinced that it is a fundamental misinterpretation of Marx’s theory. So I think it is important to engage with his popular but mistaken interpretation. I hope that my book will be read especially by young people and it will encourage them to make a deeper study of Marx’s theory of value in Chapter 1 of Capital and beyond.
Let me add my pennyworth to what I think are the wider issues arising from this debate between Heinrich and Moseley (MR).
Marx put it this way: “As the commodity is immediate unity of use value and exchange-value, so the process of production, which is the process of the production of a commodity, is the immediate unity of process of labour and process of valorisation.” So, for Marx, it’s the process of production, the exertion of human labour that creates value. As Marx once put it: “Every child knows that any nation that stopped working, not for a year, but let us say, just for a few weeks, would perish. And every child knows, too, that the amounts of products corresponding to the differing amounts of needs demand differing and quantitatively determined amounts of society’s aggregate labour.”
The value-form approach of Heinrich is implicitly a simultaneist approach. Its characteristic feature is the belief that value comes into existence only at the moment of realisation on the market. Consequently, production and realisation are collapsed into each other and time is wiped out. But the process of production and circulation (exchange) is not simultaneous, but temporal. At the start of production there are inputs of raw materials and fixed assets from a previous production period. So there is already (constant or ‘dead labour’) value in the commodity before exchange. Then production takes place to make a new commodity using human labour. This creates ‘potential’ new value, which is realised later (in a modified quantity) when sold.
But why does all this matter? For me, Marx’s value theory is about showing the fundamental contradiction in capitalism between production for social need (use-value) and production for profit (exchange value). Under capitalism, units of production are commodities that have a dual character which epitomises this contradiction.
For Marx, money is a representative of value, not value itself. If we think that value is only created when selling the commodity for money and not before, then the labour theory of value is devalued into a theory of money. Then, as mainstream neoclassical economics argues, we don’t need a labour theory of value at all because the money price will do. Money prices are what mainstream economics looks at, ignoring or dismissing value by human labour power – and therefore the exploitation of labour by capital for profit. It removes the basic contradiction of capitalist production.
Also, it leads to a failure to understand the causes of crises in capitalist production. It is no accident that Heinrich dismisses Marx law of profitability as illogical, ‘indeterminate’ and irrelevant to explaining crises and instead looks to excessive credit and financial instability as the causes. Heinrich even claims that in later years, Marx dropped his law of profitability although the evidence for that is non-existent.
If profits (surplus value) from human labour disappear from any analysis to be replaced by money, then we no longer have a Marxist theory of crisis or any theory of crisis at all.
Saturday, January 7, 2023
3615. How the Anthropocentric Industrial Capitalist Civilization Exploits Nature
By Kamran Nayeri, December 31, 2022
Many socialists, particularly Marxists, focus their attention on the exploitation of the working class. In fact, Marx's theory of exploitation of wage workers (theory of surplus value) is a specific application of Marx's and Engels's theory of society and history, historical materialism. In his speech at Marx's burial, Engels credited Marx with two theoretical contributions: Historical materialism (with Engels himself) and the theory of surplus value. The latter is developed in Marx's Capital.
In Capital volume 1, Marx shows how the origin of industrial capitalist profit is surplus value created in the production process. In Capital volume 3, he also demonstrates how the process of capitalist production and the distribution of surplus value provide land owners with rent and financial/merchant capitalists with interest. What Marx himself and Marxists so far have ignored is that Marx's analysis can be used to show how the exploitation of nonhumans contributes to the creation of surplus value and capitalist profit and, in fact, helps sustain the capitalist economy and society.
Let me provide a sketch of my argument. Following Marx in Capital volume 1, the value of a capitalist firm's final product (λ) produced in one production cycle is defined as follows.
C + V + S => λ where:
λ = The value of the product
M = Invested money capital (C + V)
C = The value of constant capital
V = The value of labor power paid as wages
S = Surplus value created by the application of labor power during production
M’ = New money capital gained upon selling the final product
p = M’ – M, the profit gained upon selling the final product
It is assumed that S = p.
The capitalist firm starts with money capital M spent on purchasing means of production divided by Marx into constant capital and variable capital. By constant capital, he denotes that part of the means of production that do not undergo any change in their quantitative value during the production process, such as the raw material, auxiliary material, and the instruments of labor. (Marx 1867; Chapter Eight) The value of various components of constant capital used up in one production cycle is transferred to the final product without change. On the other hand, variable capital is the value of labor power employed; that is, "the aggregate of those mental and physical capabilities existing in a human being, which he exercises whenever he produces a use-value of any description." (Marx 1867, Chapter Six) Thus, the source of capitalist profit is the surplus value the workers produce in the process of production (for a detailed discussion, see Shaikh, 1990). Surplus value is equal to unpaid labor time, as shown in the diagram below:
The working day
A B
[<---------------><--------------->]
A = The part of the working day necessary to produce a new value equivalent to the workers’s wages.
B = Unpaid surplus labor time.
Thus, workers' wages reflect the value of labor power but not the surplus value they produce during production. The capitalist firm pockets the surplus value as profit upon selling the product. Thus, capitalist profit is p = M’ - M.
But what is the value of labor power? It is the value of the means of subsistence necessary for the maintenance and reproduction of the laborer paid as wages. A key component in the worker's consumption basket is food. A reduction in the value of food will result in an equal magnitude reduction of the value of labor power, all other things being equal. Mechanization and industrialization of the meat industry have been part of the process of reducing the value of food necessary for the working class's maintenance and reproduction, hence contributing to a reduction of the value of labor power and a corresponding increase in surplus value. Thus, reducing the value of the nonhuman nature that workers consume will increase surplus value, expanding capitalist exploitation from the social realm to the natural realm.
To take one example, according to the National Chicken Council, dressed chicken which was retailed in the U.S. for $6.48 a pound in 1930 (in today's dollar), now costs $1.57 a pound: "Costs came down partly because scientific breeding reduced the length of time needed to raise a chicken to slaughter by more than half since 1925, even as a chicken's weight doubled. The amount of feed required to produce a pound of chicken has also dropped sharply." (Kristof, March 12, 2014) Poultry Science journal has calculated that if humans grew at the same rate as modern chickens, a human by the age of two months would weigh 660 pounds! Among the scientific techniques used to raise farm animals in increasingly cramped spaces is the intensive use of hormones and antibiotics. (For a discussion of the misery of chickens raised by the food industry, see Farm sanctuary, March 2004A). To appreciate the magnitude of the crime against a sentient being, in one year, in 2011, 58,110,000,000 chickens were slaughtered by the food industry.
There is a similar drop in the unit cost of other food items in the working class consumption basket, such as eggs, butter, milk, and steak, all taken from farm animals. However, a similar drop can be observed in plant-based food items like flour, potatoes, oranges, coffee, and sugar (Bureau Labor of Statistics, 2011, 2015).
Thus, Marx's labor theory of value can also be used to show capitalist profit also come from the exploitation of nonhuman species and inanimate nature as well as the labor power of wage workers. In particular, surplus value is increased by increasing subordination, oppression, and exploitation of farm animals.
The magnitude of the oppression and exploitation of farm animals will find no match in even the worst atrocities committed by a group of humans against another group of humans. Just consider these statistics: In 2011, more than 58 billion chickens (more precisely, 58,110,000,000), nearly 3 billion ducks (2,917,000,000), and more than a billion pigs (1,383,000,000) were slaughtered for food worldwide. Other farm animals killed for food numbered hundreds of millions each: 654 million turkeys, 649 million geese and guinea fowl, 517 million sheep, 430 million goats, and 296 million cattle (Heinrich Böll Foundation, 2014, p. 15).
Yet, no Marxist current has ever raised their voices or acted accordingly against these historically horrific conditions. How is that possible?
Indeed, the bulk of humanity has turned a blind eye to this as well. I have argued elsewhere that this is rooted in anthropocentrism as a manifestation of alienation from nature. The situation is analogous to the slave-owning societies including in the United States, the Apartheid regime in South Africa, and the Zionist colonial settlers who established Israel by murdering and subjugating Palestinians; in each case, the oppressors and exploiters turned a blind eye to the crimes again humanity by dehumanizing their victims. What is common to all these cases is that the oppressors alienated the oppressed as less than human in moral standing. This ideological prop, called racism in some cases or antisemitism in the case of Nazis, is necessary for such historical atrocities to happen. Alienation from nature and its ideological reflection, anthropocentrism, is similarly required for the domination, control, and exploitation of nature in search of wealth and power.
Of course, to realize and empathize with the oppression and exploitation of farm animals and the rest of nature does not require Marxian theory. The very fact of their subjugation as domesticated animals must give any open-minded individual pause. Many who have rebelled against these horrific conditions have not been socialists.
As I suggested above, working people must have every sympathy and empathy towards the farm animals which they either raise and murder for the meat industry or consume themselves as food. In fact, working people must realize that their oppression and exploitation are only possible because the rest of nature has been dominated and exploited since the dawn of civilization. In fact, they and the rest of nature have been exploited for the wealth and power of the ruling classes for 5,000 years.
We must also revise our view of the post-capitalist society. The Marxian theory of socialist revolution depends on the assumption of state power by the working class dismantling the capitalist state and beginning the transition to socialism. There is nothing in Marx's writings or any of the theories of transition to socialism that would break with the oppression of farm animals or gives up domination and control of nature to expropriate wealth. The goal is to distribute such wealth equally among the working people. But if all wealth comes from nature, a wealthy socialist society can only be envisioned as one expropriating nature. In fact, the Marxist literature on sustainable development is, in essence, nature managed by the socialist society for its own anthropocentric reasons. In this view, human exceptionalism is the prevailing view of our place in the world, not as a part of it but as its apex.
Thus, human emancipation requires animal liberation and, more generally, the elimination of alienation from nature. These will require not just a socialist revolution but also a cultural revolution to replace anthropocentrism with ecocentrism as society's environmental ethics.
References:
Bureau of Labor Statistics. Historical Statistics of the United States, Colonial Times to 1970. Bicentennial Edition, Part 2. 2011; 2015.
Heinrich Böll Foundation. Meat Atlas: Facts and Figures About Animals We Eat. 2014.
Kristof, Nicholas. "Industrial Farming and Your Diet." The New York Times, March 12, 2014.
Marx, Karl. Capital: A Critique of Political Economy, Volume 1, translated by Ben Fowkes, Vintage, 1867/1977.
Shaikh, Anwar. “Surplus Value.” John Eatwell, Murry Milgate, and Peter Newman (Ed’s.), The New Palgrave Marxian Economics. 1990.
Tuesday, August 14, 2018
2997. Marx, Value, and Nature
The Appropriation and Expropriation of Nature
Value and Nature
Against the Expropriation of the Earth
Notes
- ↩ Karl Marx and Frederick Engels, Collected Works, vol. 1 (New York: International Publishers, 1975), 224–63. On the term “peasant proletariat,” see V. I. Lenin, Collected Works, vol. 20 (Moscow: Progress Publishers, 1972), 132–35.
- ↩ Karl Marx, Contribution to a Critique of Political Economy (Moscow: Progress Publishers, 1970), 19–20.
- ↩ Marx and Engels, Collected Works, vol. 1, 225, 233–35; Peter Linebaugh, Stop Thief! (Oakland: PM, 2014), 43–60; T. C. Banfield, Industry of the Rhine, Series I (London: Knight, 1846), 111; John Bellamy Foster, Marx’s Ecology (New York: Monthly Review Press, 2000), 66–68; David McLellan, Karl Marx (New York: Harper and Row, 1973), 56.
- ↩ Joseph-Pierre Proudhon, What Is Property? (Cambridge: Cambridge University Press, 1993),13–16, 70. Marx first referred to Proudhon in October 1842, around the time he wrote the first installment of his piece on the theft of wood. Marx and Engels, Collected Works, vol. 1, 220. In The Holy Family Marx and Engels argued that Proudhon’s critique of political economy in What Is Property? was “the criticism of political economy from the standpoint of political economy,” that is, he took the bourgeois criterion of the exchange of equivalents as the sole basis of his critique. Marx and Engels, Collected Works, vol. 4, 31–32; David McNally, Against the Market (London: Verso, 1993), 141–45.
- ↩ The encounter between Proudhon and Marx in Peck’s film is of course imaginary, but fits well enough with the known facts. See J. Hampden Jackson, Marx, Proudhon and European Socialism (London: English Universities Press, 1957), 50–70. The point on property in general as an “abstraction” is taken from Karl Marx, Grundrisse (London: Penguin, 1973), 85. Marx originally thought highly of the critique of private property in What Is Property?, but faulted Proudhon for his lack of analysis of property forms. Marx and Engels, Collected Works, vol. 4 (New York: International Publishers, 1975), 31–32.
- ↩ On Marx’s distinction between appropriation and expropriation, see John Bellamy Foster and Brett Clark, “The Expropriation of Nature,” Monthly Review 69, no. 10 (2018): 1–27.
- ↩ C. B. Macpherson, The Political Theory of Possessive Individualism (Oxford: Oxford University Press, 1962), 194–62; John Locke, Two Treatises on Government (Cambridge: Cambridge University Press, 1988), 297–301; G. W. F. Hegel, The Philosophy of Right (Oxford: Oxford University Press, 952), 41–45. In Locke’s case the bourgeois concept of appropriation was used to justify expropriation, as from Native Americans, on the fallacious grounds that they had not transformed the land through their labor. Locke, an investor in the Royal African Company, also justified the physical expropriation of human beings, in the case of the enslavement of Africans. See Barbara Arneil, John Locke and America: The Defense of English Colonialism (Oxford: Oxford University Press, 1996), 168–200; Peter Olsen, “John Locke’s Liberty Was for Whites Only,” New York Times, December 25, 1984.
- ↩ Karl Marx, The Poverty of Philosophy (New York: International Publishers, 1963), Grundrisse, 87–88, 488–49. See also Engels’s reference to “Proudhon’s theft thesis” in Marx and Engels, Collected Works, vol. 6 (New York: International Publishers, 1976), 260.
- ↩ Karl Polanyi, Primitive, Archaic, and Modern Economies (Boston: Beacon, 1968), 8–93, 106–07, 149–56.
- ↩ Marx and Engels, Collected Works, vol. 1, 228.
- ↩ Karl Marx, Early Writings (London: Penguin, 1970), 389–92; Georg Lukács, History and Class Consciousness (London: Merlin, 1971), xxiii–xxiv; István Mészáros, Marx’s Theory of Alienation (London: Merlin, 1975); John Bellamy Foster and Brett Clark, “Marxism and the Dialectics of Ecology,” Monthly Review 68, no. 5 (October 2016): 1–17.
- ↩ Raj Patel and Jason W. Moore, A History of the World in Seven Cheap Things (Berkeley: University of California Press, 2017), 81, 95. Elsewhere Moore defines appropriation as the identification, channeling, and securing of “unpaid work” outside the commodity system and embracing everything in nature that is “unpaid.” But since nature is never “paid,” this amounts in practice in his work to the notion of the appropriation of extra-human work encompassing all physical forces, i.e., appropriation in its very broadest sense (even divorced from the classical political-economic and philosophic sense of appropriation as property).
- ↩ For a concise discussion of the relation of physics to capitalism and ecological crisis, see Erald Kolasi, “The Physics of Capitalism,” Monthly Review 70, no. 1 (May 2018): 29–43.
- ↩ In The Condition of the Working Class in England, Engels defined “work” as “the expenditure of force.” See Marx and Engels, Collected Works, vol. 4, 431. Lancelot Hogben declared that Engels later welcomed the new developments in thermodynamics and the general theory of work that arose in physics through James Prescott Joule and others as, in Hogben’s words, “the beginning of a new chapter in the history of knowledge.” But no one could suggest that Marx and Engels’s analysis confused the specificity of human labor with “work” in the sense of physics. Lancelot Hogben, Science for the Citizen (New York: Knopf, 1938), 65; Marx and Engels, Collected Works, vol. 25 (New York: International Publishers, 1987), 370, 505.
- ↩ Karl Marx, Capital, vol. 1 (London: Penguin, 1976), 133–34.
- ↩ Marx and Engels, Collected Works, vol. 30 (New York: International Publishers, 1988), 40.
- ↩ Marx can only be ironic when addressing the demands for “Cheap Food” by the bourgeois free traders of his time. See Marx, The Poverty of Philosophy, 207.
- ↩ Paul Burkett, “Nature’s Free Gifts and the Ecological Significance of Value,” Capital and Class 68 (1999): 89–110; Foster and Clark, “The Expropriation of Nature.”
- ↩ Marx and Engels, Collected Works, vol. 33, 301.
- ↩ Justus von Liebig, Letters on Modern Agriculture (London: Walton and Maberly, 1859), 254–55; Kohei Saito, Karl Marx’s Ecosocialism (New York: Monthly Review Press, 2017), 197. The law of compensation, which related to replenishment of renewable resources, should be supplemented by Herman Daly’s broader rules of sustainability: (1) Renewable resources must be used no faster than they regenerate; (2) Non-renewable resources should be used no faster than renewable substitutes can be put into place; (3) Pollution and wastes should be emitted no faster than they can be absorbed, recycled, or made harmless. See the Sustainable Water Resources Roundtable, “What Is Sustainability?” http://acwi.gov.
- ↩ Marx and Engels, Collected Works, vol. 1, 234.
- ↩ Ovid, Metamorphoses (New York: Norton, 2004), 298; Richard Seaford, Ancient Greece and Global Warming (London: Classical Association, 2009).
- ↩ See Stefano B. Longo, Rebecca Clausen, and Brett Clark, The Tragedy of the Commodity (New Brunswick, NJ: Rutgers University Press, 2015).
- ↩ On capitalism’s need for unlimited environmental expansion, see John Bellamy Foster, Brett Clark, and Richard York, The Ecological Rift (New York: Monthly Review Press, 2010), 207–11. Nancy Fraser, “Behind Marx’s Hidden Abode: For an Expanded Conception of Capitalism,” New Left Review 86 (2014): 55–72, and “Expropriation and Exploitation in Racialized Capitalism,” Critical Historical Studies 3, no. 1 (2016): 163–78; Michael C. Dawson, “Hidden in Plain Sight: A Note on Legitimation Crises and the Racial Order,” Critical Historical Studies 3, no. 1 (2016): 143–61; John Bellamy Foster and Brett Clark, “Women, Nature, and Capital in the Industrial Revolution,” Monthly Review 69, no. 8 (2018): 1–24.
- ↩ Karl Marx, Capital, vol. 2 (London: Penguin, 1978), 321–22; John Bellamy Foster, “Marx as a Food Theorist,” Monthly Review 68, no. 7 (December 2016): 14–15.
- ↩ Marx, Capital, vol. 1, 637–38; Capital, vol. 3 (London: Penguin, 1981), 959.
- ↩ See, for example, Stephen Bunker, Underdeveloping the Amazon (Chicago: University of Chicago Press, 1985), 31–36, 44–45; Alf Hornborg, “Towards an Ecological Theory of Unequal Exchange,” Ecological Economics 25, no. 1 (1998): 130, and Global Ecology and Unequal Exchange (London: Routledge, 2011), 104; Zehra TaÅŸdemir YaÅŸin, “The Adventure of Capital with Nature: From the Metabolic Rift to the Value of Nature,” Journal of Peasant Studies 44, no. 3 (2017): 391–93; Giorgos Kallis and Erik Swyngedouw, “Do Bees Produce Value?” Capitalism Nature Socialism 28, no. 3 (2017): 1–15. For critiques of such views, see Matthew T. Huber, “Value, Nature, and Labor: A Defense of Marx,” Capitalism Nature Socialism 28, no. 1 (2017): 39–52, and Paul Burkett, Marx and Nature (Chicago: Haymarket, 2014).
- ↩ Karl Marx, Texts on Method (Oxford: Basil Blackwell, 1975), 200.
- ↩ Marx, Grundrisse, 366. In classical political economy, rent, defined as a deduction from total surplus value, does serve to give certain natural resources exchange values, without these resources in any way generating commodity value as such—for the latter has its source exclusively in abstract labor.
- ↩ Karl Marx, Critique of the Gotha Programme (New York: International Publishers, 1938), 3–4.
- ↩ Marx and Engels, Collected Works, vol. 37 (New York: International Publishers, 1998), 732–33. The notion of the “free gift of nature” to capital was not invented by Marx but was axiomatic in the work of all the classical political economists, including Thomas Robert Malthus and Adam Smith. It was left to Marx, however, to give this concept a critical reading by explaining that these free gifts were monopolized by capital in the context of the alienation of nature and humanity.
- ↩ None of this of course means, for example, that raw materials utilized in production lack commodity value, in Marx’s conception. They acquire value as a result of the labor-power expended in obtaining and processing them. Additionally, rent of land is a deduction from total surplus value, which then enters into the costs to industry. Still, it remains true that while raw materials and other natural-material use values employed in production (as constant capital) have value, they do not generate value, as does socially necessary abstract labor. Further, capital’s monopoly of the productive powers provided by nature, viewed as a “free gift of Nature to capital,” constitutes the ultimate source of its class domination and its wider destructive tendencies. Karl Marx, Theories of Surplus Value, Part Two(Moscow: Progress Publishers, 1968), 45–46.
- ↩ See Foster and Burkett, Marx and the Earth, 107–10.
- ↩ For a critical description of how standard capitalist economic accounting fails to incorporate household and subsistence labor (mainly by women) and nature into value-added accounting, see Marilyn Waring, Counting for Nothing (Toronto: University of Toronto Press, 2009). On Georgescu-Roegen’s position, see John Bellamy Foster and Paul Burkett, Marx and the Earth (Chicago: Haymarket, 2016), 135.
- ↩ Jason W. Moore, “The Capitalocene, Part II: Abstract Social Nature and the Limits to Capital” (June 2014): 29, http://researchgate.net; accessed April 13, 2018.
- ↩ Patel and Moore, A History of the World in Seven Cheap Things, 101.
- ↩ As Paul Baran wrote: “The law of value [can be seen] as a set of propositions describing the characteristic features of the economic and social organization of a particular epoch of history called capitalism. This organization is characterized by the prevalence of the principle of quid pro quo in economic (and not only economic) relations among members of society; by the production (and distribution) of goods and services as commodities; by their production and distribution on the part of independent producers with the help of hired labor for an anonymous market with the view to making profit…. It is by the dominance of this law of value that the capitalist order differs from all others: from antiquity in which slavery dominated the conditions of production and distribution; from feudalism which system was based on a comprehensive network of rights, duties and traditions; from socialism in which planning becomes the overriding principle” (Paul A. Baran to Stanley Moore, August 5, 1960, in Paul. A. Baran and Paul M. Sweeezy, The Age of Monopoly Capital [New York: Monthly Review Press, 2017], 253).
- ↩ Moore, Capitalism in the Web of Life, 14, 191. The fact that much of nature or the Earth System is necessarily outside the value circuit of capital gives rise to the Lauderdale Paradox, in which public wealth (particularly the wealth of nature outside the economy) is destroyed by the enhancement of private riches in a commodity exchange economy. Private wealth depends on scarcity as one of its conditions, and thus on the destruction of nature’s abundance, such as ample clean water, breathable air, and so on. To try to incorporate both private riches and public wealth in this sense within the “law of value,” as in Moore’s analysis, only confuses matters by eliding the contradiction between capitalist commodity production and the world of nature as a whole—i.e., between the robber and the robbed. See Foster, Clark, and York, The Ecological Rift, 53–72.
- ↩ Moore, Capitalism in the Web of Life, 14, 17.
- ↩ Moore argues that capitalism produces (or “co-produces”) the natural world, effectively placing the activities of the physical universe and those of society on the same plane. In contrast, as Marx explains, the most that any form of social production can accomplish is to change the form in which biogeochemical processes occur and shift them around, often disrupting them and leading to unforeseen and often dangerous consequences. To speak of the anthropogenic production of nature is thus to attribute supranatural, godlike forces to human society. Karl Marx, Letters to Kugelmann (New York: International Publishers, 1934), 73; Marx, Capital, vol. 1, 133–34; Foster, Marx’s Ecology; Brett Clark and Richard York, “Rifts and Shifts: Getting to the Root of Environmental Crises,” Monthly Review 60, no. 6 (2008): 13–24.
- ↩ Moore, Capitalism in the Web of Life, 69–70.
- ↩ Jason W. Moore, “Value in the Web of Life, or, Why World History Matters to Geography,” Dialogues in Human Geography 7, no. 3 (2017): 327–28, Capitalism in the Web of Life, 53–54, 65–66, 73, and “The Rise of Cheap Labor,” in Moore, ed., Anthropocene or Capitalocene (Oakland: PM, 2016), 98. The critique of Moore’s expansive value-related analysis here was influenced by Kamran Nayeri, “Capitalism in the Web of Life—A Critique,” Climate and Capitalism, July 19, 2016, http://climateandcapitalism.com; Jean Parker, “Ecology and Value Theory,” International Socialism 153 (2017); Ian Angus, “Do Seven Cheap Things Explain the History of Capitalism?” Climate and Capitalism, January 10, 2018; Andreas Malm, The Progress of this Storm (London: Verso, 2018), 178–96.
- ↩ Moore, Capitalism in the Web of Life, 67.
- ↩ Moore, Capitalism in the Web of Life, 101–02. By defining appropriation as drawing on the “work” of nature in general, while also claiming that appropriation as such is theft, Moore implicitly categorizes all human property and production as theft. Moreover, there is no basis here for distinguishing bourgeois appropriation (property) from other forms of appropriation (property), a distinction that lay at the core of Marx’s own analysis.
- ↩ Moore is referring not only to human labor outside the formal economy but, more importantly, to all the “work” performed in the physical world of nature as well. Moore, Capitalism in the Web of Life, 95.
- ↩ Moore, Capitalism in the Web of Life, 54. Hornborg has argued that “Moore’s attempts to theorize the appropriation of ecological framework yields a turgid and obscure idiom,” which Hornborg blames on “Marxian dogma.” But Moore’s approach does not reflect any inherent shortcomings in Marxian theory, but rather Moore’s own neglect of crucial theoretical distinctions in the classical Marxian mode. This can be seen most starkly in his attempt to use a Marxian idiom, without its necessary conceptual framework, to develop a theory that erases distinctions between bourgeois appropriation and all other property forms (by relying on the concept of appropriation in general), and between human social labor and the expenditure of work/energy in the universe. None of this can be blamed on Marx or Marxian theory. Alf Hornborg, Global Magic (London: Palgrave Macmillan, 2016), 169.
- ↩ Moore, Capitalism in the Web of Life, 71. To be clear, there can be no doubt that capitalism depends on the physical appropriation of nature generally, and in ever greater quantities. Thus Moore writes of my own work that “Foster’s insight was to posit capitalism as an open-flow metabolism, one that requires more and more Cheap Nature just to stay in place.” Rather, the issue is how this relates to value, accumulation, expropriation, and ecological crisis under capitalism. Moore, Capitalism in the Web of Life, 84.
- ↩ Patel and Moore, A History of the World in Seven Cheap Things, 81, 95.
- ↩ Marx, Grundrisse, 357–58. For a good discussion of some of these issues, see Ali Douai, “Value Theory in Ecological Economics,” Environmental Values 18 (2009): 257–84.
- ↩ Moore, Capitalism in the Web of Life, 71, 101–02, “Value in the Web of Life,” 328, and “The Rise of Cheap Labor,” 89. It should be noted that classical rent theory, which was concerned with the incorporation of natural resources in the capitalist economy and which was key to Marx’s own economic analysis in this area, is completely ignored in Capitalism in the Web of Life. On the ecological aspects of Marx’s rent theory, see Burkett, Marx and Nature, 74–75, 90–103.
- ↩ Moore, “Value in the Web of Life,” 327, Capitalism in the Web of Life, 85, 137, 236. On Moore’s social monism, see Moore, Capitalism in the Web of Life, 85. For a critique, see John Bellamy Foster, “Marxism in the Anthropocene: Dialectical Rifts on the Left,” International Critical Thought 6, no. 3 (2016): 393–421; John Bellamy Foster and Brett Clark, “Marx’s Ecology and the Left,” Monthly Review 68, no. 2 (2016): 1–25.
- ↩ On the dialectic of barriers and boundaries, see Marx, Grundrisse, 334–35, 409–10, 539; Foster, Clark, and York, The Ecological Rift, 53–72, 284–86.
- ↩ On the contradictions that arise when ecological crisis is seen mainly as a question of economic crisis brought on by increased costs of natural resources, and not in terms of the degradation of nature itself, see John Bellamy Foster, “Capitalism and Ecology: The Nature of the Contradiction,” Monthly Review 54, no. 4 (September 2002): 6–16.
- ↩ Marx, Capital, vol. 1, 637–38, vol. 3 949.
- ↩ Marx, Capital, vol. 3, 369; Marx and Engels, Collected Works, vol. 5 (New York: International Publishers, 1975), 52; John Bellamy Foster, “Capitalism and the Accumulation of Catastrophe,” Monthly Review 63, no. 7 (December 2011): 1–17; Saito, Karl Marx’s Ecosocialism, 239–55.
- ↩ Marx, Early Writings, 318.
- ↩ Foster, Clark, and York, The Ecological Rift, 53–72.
- ↩ Marx, Capital, vol. 1, 871, 927.
- ↩ John Bellamy Foster and Hannah Holleman, “Weber and the Environment,” American Journal of Sociology 117, no. 6 (2012): 1650–55.
- ↩ Marx, Capital, vol. 1, 926.
- ↩ Sven Beckert, Empire of Cotton (New York: Vintage, 2014); Fraser, “Behind Marx’s Hidden Abode”; Fraser, “Expropriation and Exploitation in Racialized Capitalism”; Dawson, “Hidden in Plain Sight”; Foster and Clark, “The Expropriation of Nature”; John Smith, Imperialism in the Twenty-First Century (New York: Monthly Review Press, 2016); Mike Davis, Planet of the Slums (London: Verso, 2007).
- ↩ Eric Hobsbawm, The Age of Capital (New York: Vintage, 1996).
- ↩ Paul M. Sweezy, “The Communist Manifesto Today,” Monthly Review 50, no. 1 (May 1998): 8–10.
- ↩ Karl Polanyi, The Great Transformation (Boston: Beacon, 1944), 178.
- ↩ Costas Lapavitsas, Profiting without Producing (London: Verso, 2013), 141–46.
- ↩ Marx, Capital, vol. 1, 742.
- ↩ Moore’s framework of Cheap Nature relies heavily on the monetary estimates of environmental services or ecosystem services developed by neoclassical environmental economics. Moore, Capitalism in the Web of Life, 64. See also the critique of natural-capital theory in John Bellamy Foster, “The Ecological Tyranny of the Bottom Line,” in Richard Hofrichter, ed., Reclaiming the Environmental Debate(Cambridge, MA: MIT Press, 2000): 135–53.
- ↩ Ian Angus, Facing the Anthropocene (New York: Monthly Review Press, 2016), 54–58; J. R. McNeill and Peter Engelke, The Great Acceleration (Cambridge, MA: Harvard University Press, 2014), 184–90.
- ↩ Karl Marx, Capital, vol. 3 (London: Penguin, 1981), 754.
- ↩ Curtis White, The Barbaric Heart (Sausalito: PoliPoint, 2009).
