this post was submitted on 20 Sep 2026
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Commodity fetishism isn't lusting for a particular commodity. Commodity fetishism is the mystifying aspect of commodity production that sees laborers ceasing to recognize themselves in the product of their labor. They begin to see values as inherent properties of commodities, rather than as a product of social relations.
In other words, someone sees an iPhone 17 Pro Max and believes the value to be inherent to that product, and not based on the socially necessary labor time that went into producing it.
👍 but I think it's a bit confusing to say "believes the value to be inherent".
There are three distinct concepts:
The exchange value is indeed dependent on the labour, and the price is linked to it (but it oscillates up and down).
The use value is indeed inherent in the object, but the markets/capitalists wouldn't want (or be able to extract profits) if use value was the only thing determining prices
You're a tiny bit off. There's use-value, exchange-value, and value, which is what price orbits around based on supply and demand. It isn't the Marxist law of price, it's the law of value. I mean value as in the socially necessary abstract labor time needed to produce/reproduce a commodity, but this isn't inherently price.
Exchange-value is a ratio by which one commodity trades for another. It isn't explicitly SNALT, Marx ascribes that to Value.