POLS 3040 Chapter Notes - Chapter 6: Devaluation

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On basis of political economy, worker sinks to level of commodity and becomes the most wretched commodity. Whole society falls apart into two classes: property owners, propertyless workers. Intrinsic connection between private property, greed, separation of labour, capital and landed property; connection of exchange and competition, of value and devaluation of man, of monopoly and competition: connection between whole estrangement and the money system. Object that labour produces, the labour product, confronts it as something alien, as a power independent of the producer. Product of labour is labour which has been embodied in an object, which has become material: labour has thus been objectified, labour"s realization is its objectification. Realization of labour appears as loss of realization for workers: objectification as loss of object/bondage to it, appropriation as estrangement, alienation. Examine objectification; production of worker; and in it the estrangement, loss of object, of his product.

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