Karl Marx View On Money

What is the difference between money and currency? Money stores natural belonging value within itself, while currency is given a set buying amount bestowed upon by the government. Although the creation of the U.S dollar had a redeemable amount of gold and silver for every amount of currency in circulation, this did not last. The creation of the Federal Reserve made way for the greatest illusion of capitalism known as of yet. “Money” is being created independently and being loaned out to the government in hopes of being paid back with interest. The illusion is when, for example, one dollar is created and loaned out to someone with the hopes of now the borrower owing back two dollars. An interest that never existed is now owed back with the principle …show more content…
This comes from questioning the value or why that commodity has that certain value. Marx didn 't believe that everything relied on use value because he believed there was things that were useless that people pay for and people that use things without paying for them. He believed the value of a commodity is congealed labor. This is how Marx provides the idea that this value of an object is the labor of a worker alienated from them. More importantly, someone else made a profit on this. Money is now an accumulated abstract object representing the labor of the worker. It seems almost needless to say that the capitalist is not only trying to make a profit, but they must maximize their profits to it’s full potential. Therefore the capitalist is forced to give less to their worker than their true labor value because the owner would go out of …show more content…
The only reason why the working class members continue working, in the hopes of eventually making enough money to own their own business and continue increasing their profits. Marx did not believe everybody could think like this. That is the only thing still giving life to this system where people have hopes of being richer. If a person were given two choices to invest their money in, and one was guaranteeing five percent profits while the other had twenty-five percent increase in profits. People would question the sanity of the person deciding to go with the merely five percent profits. Everybody wants more than they had the day before. Where can the line be drawn where a person just has too much? Greed can only cause more greed, in that case wouldn 't providing help for the common good help achieve this fair and equal civilization? This is the misinterpretation of Marx’s writings to the communist societies like the Soviet, China, North Korea. People inherently need a sense of leadership so they allow the government to have total control of production. There is this belief that people cannot maintain safety and regulate laws through the society without someone else protecting their