ABSTRACT
Chairman Mao points out: Marx "started from the simplest capitalist factor — commodities — to analyze closely the economic structure of the capitalist society". Commodities become the cell structures of the capitalist economy. The exchange and production of commodities developed gradually in the slave and feudal society. Money is associated with commodities because in daily life the value of commodities is expressed in terms of money. The law of value is the economic law of commodity production and exchange. The basic content of this law is this: The value of a commodity is determined by the socially necessary labor. The prices of commodities were not determined by the individual producers, but rather by the spontaneous forces of the operation of the law of value in the market. Fetishism originally referred to religions in which people worshiped things believed to possess certain mystical power.
