Baudrillard:
>In the distinction between exchange value and use value, Marxism shows its strength but also its weakness. The presupposition of use value- the hypothesis of a concrete value beyond the abstraction of exchange value, a human purpose of the commodity in the moment of its direct relation of utility for a subject- is only the effect of the system of exchange value, a concept produced and developed by it […] He does not radicalize the schema to the point of reversing this appearance and revealing use value as produced by the play of exchange value […] In other words, the signified "use value" here is still a code effect, the final precipitate of the law of value.<Mirror of Production, Chapter 1, Section 2Thus, "use-value" is essentially a "value in use" (as per Smith). Marx makes a category error by stating, for example, that "a use-value can exist, without being a value", since he (in the german text), distinguishes "use-value" ("Gebrauchswert") from "utility" ("Nützlichkeit"). If indeed, as Baudrillard properly concludes, use-value is the symptom of the form of value (e.g. money) relating value to itself, then use-value is an effect, not a cause, and so cannot exist outside of the commodity form, but is only within it. As a "code effect" then, use-value is signified by its constitutive status as commodity (e.g. a use-value is only produced in being subjectively determined as an exchange-value, or a product of abstract labour, concretely expressed. Thus as Marx states, useless labour "does not count", and so cannot precede its abstraction. This leads to great confusion, in the same sense that Engels footnotes, separating "labour" from "work" in itself. The originary abstraction of value of course makes sense from an empirical outlook, where "labour-time" as measure of value is obviously accounted from wages, *not* the other way round, owing to its particular historicity, not a transhistorical essence, as Marx and Engels assume. Baudrillard quotes Pierre Naville on this point, in Section 3). Here is further controversy, since if use-value is only within the commodity form (i.e. the form of value), then is our "imaginary" value equally an imaginary use-value…?
Baudrillard offers his political critique:
>Failing to conceive of a mode of social wealth other than that founded on labor and production, Marxism no loPost too long. Click here to view the full text.