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Marx, Capital and the Madness of Economic Reason

Book by David Harvey · 1 quotes · Capital, Economics, Inflation

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Marx, Capital and the Madness of Economic Reason Quotes

“... The Banks, as we now all too well know, must be rescued no matter what. 'The value of commodities is thus sacrificed in order to ensure the fantastic and autonomous existence of this value in money. In any event, a money value is only guaranteed as long as money itself is guaranteed.' Inflation, as we also know, must be kept under control at all costs. 'This is why many millions' worth of commodities have to be sacrificed for a few millions in money. This is unavoidable in capitalist production and forms one of its particular charms.' Use values are sacrificed and destroyed no matter what is the social need. How insane is that?”

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Book:Marx, Capital and the Madness of Economic Reason
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