Communization theory and the abolition of the value-form (2012)

A theory of the value-form as the basis for an understanding of the logic of capital, its historical trajectory, and its contradictions, is integrally linked to a theory of communization. Communization is inseparable from the abolition of the value-form and of capital as valorizing value, and its Akkumulationszwang, its compulsion to accumulate, as well as the labor [Arbeit] upon which capital depends. Communization entails the abolition of the proletariat, the class of waged-workers, whose abstract labor is the source of value. Socialism or communism is not the self-affirmation of the proletariat or workers’ power, and the creation of a republic of labor. The development of value-form theory, based largely on the publication of all the manuscripts that Marx had assembled for his critique of political economy, an undertaking that has only been completed over the past several decades, has also transformed the understanding of socialism or communism that existed within the Second and Third Internationals, as well as in the historical communist left (both the German-Dutch and the Italian left, the council communist and the Bordigist traditions).

Read the rest of this entry »