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agency and structure

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... Marx' "The Fetishism of the Commodity and Its Secret"

Summary: This is a 2 page paper that relates the Fetishism of the Commodity and Its Secret a theory by Marx to his Capital.

Marx defines a commodity as an object, which satisfies some human wants and therefore has some utility, and is produced by human labor for the market. Marx states that there are two kinds of value i.e. Use value and exchange value. The use-value is based on the usefulness a thing has to his owner. It means the pleasure it gives an individual by using or having it. It is therefore purely subjective while the exchange value is the comparative structure of two products and its accumulated need. In a society labor value is the most accessible asset but a capitalist culture creates a more mythological value altering the actual reality and presenting a virtual world that has no real meaning in lieu of product value.
The commodity fetish as Marx explained it in Capital suggests that manufactured products in society are considered so luxurious that they take on a mystical function within a materialistic and capitalistic society. Products become commodities and as they are used within the society they gain 'personalities' and gain a social ...

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