McCarraher, essay on Aeon

"for Marx, money is, in effect, the ontological leaven and foundation of the capitalist world: ‘If I have the vocation for study but no money for it, I have no vocation for study – that is, no effective, no true vocation.’ (In economics, it’s called ‘effective demand’: if I’m thirsty but have no money for water, my thirst doesn’t exist.) Money is not just a medium of exchange; like the God who creates ex nihilo, out of nothing, it becomes the source and arbitrator of ontological validity under capitalism."

Link: https://aeon.co/essays/capitalism-is-modernitys-most-beguiling-dangerous-enchantment

Comments