What is there about money and its function in commercial societies that entraps so many into laying on "the currency" the responsibility for that disease of modem societies of which the tricks of the money market are but a single symptom Not capitalism, they would have us believe, is the enemy, but coined money. Here is a pamphlet by our comrade D. A. Andrade, of the Melbourne Anarchists' Club, which is really quite bewildering in its mixture of sound sense and--opinions on currency. Andrade ought, by his own showing, to be quite free from the influence of the vulgar illusions which haunt the threshold of the study of wealth, for he warns us that money is simply "the token by which one individual keeps record of and measures that portion of... (From : AnarchyArchives.)
Proudhon, Pierre Joseph. System of Economical Contradictions: or, the Philosophy of Misery Electronic Text Center, University of Virginia Library Chapter 3 CHAPTER III. ECONOMIC EVOLUTIONS. -- FIRST PERIOD. -- THE DIVISION OF LABOR. The fundamental idea, the dominant category, of political economy is VALUE. Value reaches its positive determination by a series of oscillations between supply and demand. Consequently, value appears successively under three aspects: useful value, exchangeable value, and synthetic, or social, value, which is true value. The first term gives birth to the second in contradiction to it, and the two together, absorbing each other in reciprocal penetration, produce the third: so that the contradiction or antagonism of ideas appears as the point of departure of all economic science, allowing us to...
If the object of this sham pseudo-science of Political Economy had not been the same as that of all other legal sciences,—the justification of coercion,—it could not have avoided noticing the strange phenomena that the distribution of wealth, the deprivation of some men of land and capital, and the enslavery of some men to others, depend upon money, and that it is only by means of money that some men utilize the labor of others,—in other words, enthralled them. I repeat that a man who has money may buy up and monopolize all the corn and kill others by starvation, completely oppressing them, as it has frequently happened before our own eyes on a very large scale. It would seem then that we ought to examine the connection of these occurrences with money; but Political Science, with full assurance, asserts that money has no connection whatever with the matter. This science says, “Money is as much an article of merchandise as...