The Post-Industrial, Post-Modern Theory of Value and Surplus-Value (Deconstructing the Marxist Fetishism of value) | Page 23

own ideational parameters and basic assumptions. The same applies for the Marxist ideational comprehensive framework. It is due to this fundamental reason that price, value, profit and wage are social constructs, manufactured within and through conceptual-perception, conceptual-perception being the engine and repository of price, value, profit and wage determinations. For example, having the current government’ s ear, pertaining to impending economic policy, is invaluable( priceless) in influencing a favorable outcome for one’ s own sphere of production, when it comes to price, profit, wage and value. Such influence has the capacity to short-circuit any Marxian or capitalist notion of price, value, profit and wage as being based on scientifically quantifiable value and / or subject to an overarching, immutable, autonomous law of value. Hence, how creative-power and its capacity to influence conceptual-perception, in this instance via networking, can produce values, prices, wages and profits, that have nothing to do with the amount of socially necessary labor-time, embodied in a commodity, a service and / or a worker etc.
It is the fact that value in general, and in actuality, is devoid of set-limits, i. e. a scientifically determined finite total sum, which makes it so influential, so unpredictable and so crafty. Creative-power and its incessant yield, general-value, ooze surpluses of types and kinds that seep into price, value, profit and wage determinations via network-formations, management techniques and conceptual-perception, refashioning these concepts into new values and new forms, outside any scientifically quantifiable limit. The result is that creative-power, especially its unquantifiable value-production, has the capacity to nullify, suspend and / or manipulate the law of value, moreover, all notions of economic fairness, all notions of economic equality, all notions of prices of production, all notions of fair market value, all notions of fair market price, all notions of morality and all types of economic models etc. At best, economic models are educated guesses, and nothing otherwise, in the sense that market prices can always be artificially inflated above their prices of production, i. e. market values, through cartels, unions, enterprising alliances, cronyism-networks etc. to such an extent that these inflated market prices themselves become the prices of production, i. e. new elevated socially constructed market values. As Marx states, this reflects an“ an entire system of swindling and cheating with respect to the promotion of companies, issue of shares and share dealings”[ 85 ], where even“ competition... is … retreating in the face of cartels and trusts”[ 86 ], who themselves shape markets, market prices and prices of production, outside the finite parameters of socially necessary labor-time. In this regard, creative-power was always the true source of value within the capitalist modes of production, consumption and distribution, while, the emphasis on labor-power, although important, was always only a temporary substitute for creativepower, a temporary solution and / or stage of production, until a more sophisticated political-economic framework could be erected, namely, post-industrial, post-modern bourgeois-state-capitalism. That is, a stage of production where both scientifically quantifiable value, i. e. labor-power, and unquantifiable value, exist side by side within the exploitive capitalist processes of financial gain and socio-political power.
Examining this fact more closely, according to Marx, for example, the“ mutual advances by producers and merchants form the real basis of credit”[ 87 ], which eventually culminates in the creation of the credit system. For Marx,“ credit, in its most simple expression, is the confidence which, well, or illfounded, leads a person to entrust another with a certain amount of capital, in money, or in goods computed at a value in money agreed upon, and in each case payable at the expiration of a fixed term”[ 88 ]. Consequently, the foundation of credit and, in general, the credit system is mutuality, i. e. mutual advance agreed upon and / or socially constructed by two individuals, and confidence, namely the confidence in both the value of money, exchange and financial reciprocity, i. e. the assumption there will be repayment at a given set time, in addition to a whole host of other assumptions etc., pertaining to the capitalist modes of production, consumption and distribution. First and foremost, confidence lies at the heart of the credit system using Marx’ s own analysis and words, and confidence, i. e. the level of