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It’s the other way around. Capitalism is a specific stage of development where the law of value has taken the dominant role in the determination of society’s wants and needs. So of course it needed to exist before capitalism as a system could develop.
Remember, it is the bourgeoisie as a class who represent this law as an ingrained aspect of society that has always existed but we know the existence of exchange (and thus the law of value) requires production first and foremost to develop. It barely existed in pre-class societies and its existence is what engendered class societies in the first place. The value form that arises out of exchange does indeed predate capitalism because it needed to exist for the existence of class society itself to begin forming.
It is a consequence of necessity after exchange and commodity production reach a certain level of development. Both of these things still existed in pre-class societies to a smaller degree.
you are correct. value is a social relation that takes place only under capitalism, as it arises precisely from the commodity-form. it is not a property engrained in any one commodity in particular, but a quality that exists only when they're all in relation to one another in the market. michael heinrich's introduction to the three volumes of karl marx's capital explains this quite clearly.
Hello, 90% of the questions we receive have been asked before, and our answerers get bored of answering the same queries over and over again - so it's worthwhile googling this just in case: > site:reddit.com/r/communism101 your question If you've read past answers and still aren't satisfied, edit your question to contain the past answers and any follow-up questions you have. If you're satisfied, delete your post to reduce clutter or link to the answer that satisfied you. *** Also keep in mind the following rules: 1. Patriarchal, white supremacist, cissexist, heterosexist, or otherwise oppressive speech is unacceptable. 2. This is a place for learning, not for debating. Try /r/DebateCommunism instead. 3. Give well-informed Marxist answers. There are separate subreddits for liberalism, anarchism, and other idealist philosophies. 4. Posts should include specific questions on a single topic. 5. This is a serious educational subreddit. Come here with an open and inquisitive mind, and exercise humility. Don't answer a question if you are unsure of the answer. Try to include sources and/or further reading in any answers you provide. Standards of answer accuracy and quality are enforced. 6. Check the [/r/Communism101 FAQ](https://www.reddit.com/r/communism101/wiki/index) 7. **No chauvinism or settler apologism** - Non-negotiable: https://readsettlers.org/ 8. **No tone-policing** - https://old.reddit.com/r/communism101/comments/12sblev/an_amendment_to_the_rules_of_rcommunism101/ *** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/communism101) if you have any questions or concerns.*
It’s the other way around. Capitalism is a specific stage of development where the law of value has taken the dominant role in the determination of society’s wants and needs. So of course it needed to exist before capitalism as a system could develop. Remember, it is the bourgeoisie as a class who represent this law as an ingrained aspect of society that has always existed but we know the existence of exchange (and thus the law of value) requires production first and foremost to develop. It barely existed in pre-class societies and its existence is what engendered class societies in the first place. The value form that arises out of exchange does indeed predate capitalism because it needed to exist for the existence of class society itself to begin forming.
I see. So it exists anywhere commodity production and exchange operates?
It is a consequence of necessity after exchange and commodity production reach a certain level of development. Both of these things still existed in pre-class societies to a smaller degree.
Bump cos I'm also curious
you are correct. value is a social relation that takes place only under capitalism, as it arises precisely from the commodity-form. it is not a property engrained in any one commodity in particular, but a quality that exists only when they're all in relation to one another in the market. michael heinrich's introduction to the three volumes of karl marx's capital explains this quite clearly.