According to Marx goods can
only poorly fulfill the role of money. It may be added that according to
the theoretical opinion of many economists representing the dominating
theory, money is a medium which fulfills the role of a means of exchange.
If that is so, which of the two, goods or money, are needed more in the
world? As a matter of fact, besides being a means of exchange, money plays
yet another role. In todays reality Marx' view of money as a means of exchange
can only be understood as a fairy tale. But this fairy tale has to be realized
in reality. It is actually the money itself which has the power to impose
interest. Marx has not understood that the interest does not arise during
the production process, and since he had not solved the question he got
himself tangled up in contradictions. If the trade, which merchants are
performing by their various purchases and sales, is equivalent, then, he
believed, the secret must lie hidden in the purchases and sales of the
merchants. But here is being shown in a practical example, that this is
a mistake.
|