Guide to Marxist Economics - Ep 7. Value Forms and Functions of Money

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Information Guide to Marxist Economics - Ep 7. Value Forms and Functions of Money

Title	:	Guide to Marxist Economics - Ep 7. Value Forms and Functions of Money
Lasting	:	17.29
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Views	:	3,7 rb

This video covers the following topics: br-The 4 different value forms br-The 5 functions of money br brThe next episode will discuss paper money vs gold money, inflation and the necessary amount of money etc
Comment from : @thefinnishbolshevik2404

3:00 doesn't David Graebar 5000 Years of Debt basically state that there are no evidence for the things you mention about trade, in the way that you talk about them???
Comment from : @Goofy8907

Value is always subjective, the video should have started off that the initial value of any commodity is zero of any other commodity The way in which commodities gain vale is through the preference ordering of the purchaser and the desire of the supplier to gain what the purchaser has to offer Commodities in and of themselves contain no value I go into all of this and more in my video debunking these concepts: youtube/hkTO4-lKkog
Comment from : @RichUncleSkellington

This is the reason why the federal reserve is forced to allow interest rates to rise during overproduction During overproduction, the demand for the money commodity by money capitalists rises In the gold standard days, this meant a gold drain out of the country In the paper dollar standard, this means a rising price of gold Currently, the money capitalists are expecting the federal reserve to pivot, which is why the price of gold in US dollars has been going up dramatically over the past 2 and a half months Should the federal reserve pivot and increase the monetary base of token money, the price of gold will soar, leading to runaway inflation It would collapse the US currency and bring down the foundations of the US-NATO world empire Under the contradictions of capitalism, the Federal Reserve is forced the keep raising interest rates to meet the supply and demand for gold, incurring a DEEP recession And it should be noted that a paper dollar system makes crisis more intense because they have a net effect of increasing the demand for gold during overproduction because the money capitalists perceive a threat of dollar devaluation This would have an overall impact of interest rates rising higher than otherwise
Comment from : @nateisawesome766

Communism is for edgy Westerners Those doctrines ruined a plethora of countries, which many trill struggle today You are worshipping a fantasy that does not properly translate to the real world, with power hungry people at its reigns
Comment from : @padraig88

Thank you for your education Keep it up comrade 👍🏼 Very informative 👏🏻
Comment from : @leonardtoole5375

The GOAT of bread tube
Comment from : @Tyler-gy2xk

Hey, I have just discovered your channel Would you be able to update your Playlists so your video series are more ordered and organised? Thanks either way
Comment from : @Banana_Split_Cream_Buns

Great video Finbol! This video just reinforces my belief in cybersocialism and why cyber labor time credits would serve workers in economic planning since they don't circulate One would have to watch Professor Paul Cockshott's You Tube channel to get the understanding of moving beyond money
Comment from : @JohnT4321