ABSTRACT

Paradigmatic false appearances that the value-fetish generates, extensively addressed by Marx, is that capital itself is generative of value. This chapter discusses Uno's reading of the value form that Marx's specific Problemstellung of value form analysis and endowing the labor theory of value (LTV) with the leading heuristic and structuring role of the whole exposition of Capital is the key to 'unravel the fetish' of the development of the increasingly obfuscated forms of labor and its reified expressions in the forms of value. Money in capitalist societies serves as the first fetishistic expression of social relations based on the expenditure and exploitation of human labor. The kind of labor appropriate to the capitalist production form is therefore not the kind of labor that is required to accommodate to human needs, but the kind of labor that produces value. General social exchange is only possible on the basis of money as the reified product of abstraction.