Communism101

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redjoker@lemmygrad.ml

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can somebody ELI5 commodity fetishism (lemmygrad.ml)

submitted 1 year ago by AlbigensianGhoul@lemmygrad.ml to c/communism101@lemmygrad.ml

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This is something I never really understood in itself or why it's important in the first place. Modern day examples would definitely help.

Can somebody help me out?

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[–] PointAndClique@hexbear.net 20 points 1 year ago* (last edited 1 year ago) (1 children)

Neoliberal economists boast about this with supply chain abstraction through I, Pencil, a work by Leonard Read then adopted by Milton Friedman.

Search 'Nobody knows how to make a pencil' and you'll get thousands more hits than searching for commodity fetishism, Friedman basically repackaged Marx and sold it as a positive of free market economics.

They basically took commodity fetishism and fetishised it.

[–] redtea@lemmygrad.ml 14 points 1 year ago

I'm fascinated and revulsed and unsurprised.

I'll take a look at that essay, thanks.