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Guided by Voices

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Tuesday, July 11, 2017

revolutionary political-economy

Rather than continuing to privatize the planet, transforming the mountains, minerals, and forests of the world into so many disposable, toxic commodities, and deforming social relations into commercial relations, a revolutionary political-economy would expand the public realm. As opposed to regulating society according to the principle of profit and exchange (which creates scarcity and poverty via practices such as the destruction of food, carried out in order to stabilize prices and maintain profits), economic production should be regulated according to its use-value. Following the maxim “from each according to their ability, to each according to their need,” food and other necessities should be decommodified (via the nationalization, or better yet the internationalization of the resources needed to generate them) and produced in order to feed people, not to generate profit.
-- Elliot Sperber