We can also compare Marx's structuralism against Baudrillard's poststructuralism, by looking at simulacrum. Marx insists upon a real relation in symbols:
<The fact that money can, in certain functions, be replaced by mere symbols of itself, gave rise to that other mistaken notion, that it is itself a mere symbol […] Lawyers started long before economists the idea that money is a mere symbol, and that the value of the precious metals is purely imaginary. This they did in the sycophantic service of the crowned heads, supporting the right of the latter to debase the coinage, during the whole of the middle ages, by the traditions of the Roman Empire and the conceptions of money to be found in the Pandects.https://www.marxists.org/archive/marx/works/1867-c1/ch02.htm<the issue of paper money must not exceed in amount the gold (or silver as the case may be) which would actually circulate if not replaced by symbols […] Paper money is a token representing gold or money. The relation between it and the values of commodities is this, that the latter are ideally expressed in the same quantities of gold that are symbolically represented by the paper. Only in so far as paper money represents gold, which like all other commodities has value, is it a symbol of value.https://www.marxists.org/archive/marx/works/1867-c1/ch03.htmThus, money can only be "real" if it directly represents a proportion of gold or silver, to Marx. This distinction is older than Marx, however, such as in the work of Adam Smith (1776), who distinguishes between the "real" and "nominal" values of currency based in their relationship to exchange. For example, a currency which is depreciated by excess, loses its real value, while preserving its nominal (or "face" value). £1 is still £1, but may purchase less per unit. The £1 is constant, while its purchasing power is variable. This variability is the measure of its "real" value, since it represents what it can really exchange for, not what it denominates. For example, being a millionaire in America makes one really rich, while being a millionaire in Zimbabwe makes one poor. Equally, being a millionaire yesterday meant more than being a millionaire today, due to the rate of inflation by depreciation. So then, we can hold to this distinction, between what money is "really" worth, and what it presumes to be worth. Marx writes:
<We know, however, that, the values of commodities remaining constant, their prices vary with the value of gold (the material of money), rising in proportion as it falls, and falling in proportion as it rises.https://www.marxists.org/archive/marx/works/1867-c1/ch03.htmHere, Marx explains currency depreciation by a decline in the value of gold, affected by an increase in the supply of currency (e.g. Less labour costs per ounce of gold). He confuses cause for effect however, since the money-commodity can be issued as mere symbol, whose integral reality is only fixed by proportional supply, not to the imparting of any substance into the symbol. This can be proven by falsification within a model of fiat currency, which marx rails against in its very concept:
<The fact that money can, in certain functions, be replaced by mere symbols of itself, gave rise to that other mistaken notion, that it is itself a mere symbol […] it was a maxim of the Roman Law that the value of money was fixed by decree of the emperor. It was expressly forbidden to treat money as a commodity.https://www.marxists.org/archive/marx/works/1867-c1/ch02.htmThe claim I'm making is not to say that there is no difference between real and nominal value, but only that the "reality" of value is based in its proportion to the market, not as a substance of labour unto itself, since of course, money today has no labour content, yet still expresses value, which according to Marx's "value form", is impossible. Thus, the poststructuralists appear to be more correct, since if the "universal equivalent" commodity has no formal equivalence, and as a signifier, signifies nothing in itself (since money is not even a commodity), then the real becomes nominal, by its "mere" symbol. This, as I must stress, is spoken as against Marx's own potential as a theorist. Clearly, Marx sees "value" as nothing more than a "hieroglyph", yet pertains to the "magic of money" all the same. He sees that the sign of the wage denotes value by its subjectivity, yet only anthropormorphises labour, and not exchange (such as Smith). He sees that "labour" is only a sign, as incorporated into accounting (since he writes that useless labour "does not count" as value), yet sees that value may also relate to us "indirectly". He is full of contradictions in these analyses, by treating value as a quasi-autonomous abstraction, and not as a mere signifier. What is strange is that to tell a marxist that "value is subjective" is more offensive than to tell them "value is objective", despite the metaphysical absurdity of the statement, which shows the conceptual confusion, which initially begins in Marx himself.
As against Marx's semiotics, we have Baudrillard's simulacrum, which in his book "simulation and simulacra" (1981) begins by a Borges fable, describing a cartogropher who finds that the truest map of a territory must cover the entire territory itself. Thus, the map *becomes* the territory, and there is no difference, in effect, and in reality. Baudrillard extends this medium of the simulation to show that "hyperreality" operates the same way (e.g. "If it talks like a duck, and talks like a duck, then its a duck" - a phrase which incidentally refers to a mechanical duck created in the 18th century). Thus, the medium becomes immediate to the terrain, like how Goebbels is attributed to have said that a lie repeated long enough becomes the truth - religion is a perfect example. The insistence then, upon what is "real" beyond what is apparent, can cause confusion, since it would be like asking what reality would "look" like, or "sound" like without eyes and ears. Reality itself is interpreted by the medium of sensation. There is no feeling, and no knowledge without embodiment (even God has a throne, and so a buttocks to sit upon, and presumably thus, an anus to defecate from). We are resigned to subjectivity.
The purpose of simulation is to demonstrate the function of signs in an economy. If "symbols of value" must be based on gold to have "reality", then what is the objectivity of gold besides an accounting measure? Tungsten has very similar physical qualities as gold in its means to be discerned by collectors, so forgeries circulate. This "fake gold" has the same price as "real gold" until measured, where it then loses "value", based on the prejudice of its origins, not its usefulness. We can equally read Aristotle on this issue:
<Further, what is rare is a greater good than what is plentiful. Thus, gold is a better thing than iron, though less useful: it is harder to get, and therefore better worth getting. Reversely, it may be argued that the plentiful is a better thing than the rare, because we can make more use of it. For what is often useful surpasses what is seldom useful, whence the saying: "The best of things is water. "https://classics.mit.edu/Aristotle/rhetoric.1.i.htmlGold's value is attributed to its rarity, not its intrinsic qualities as a metal, which when compared against steel, is less useful. Further, Aristotle saw the value of money as determined by the state, such as here:
<money has become by convention a sort of representative of demand; and this is why it has the name 'money' (nomisma)–because it exists not by nature but by law (nomos) and it is in our power to change it and make it useless.https://sacred-texts.com/cla/ari/nico/nico048.htmThus, "value" here appears as a sign, which in its natural qualities, is determined only by its rarity and function. The limiting of the supply of money makes it appreciate in "real" value, proving this basic causation as regards to price, as being a "signal" relative to demand, as Aristotle understood it. If this signifier is denied, then nothing can maintain its value. Another example is the Austrian village of Wörgl in the 1930s, which adopted the use of paper money, by decree of Silvio Gesell. A parallel paper currency was issued due to limits in the existing supply, and it naturally increased sales. Here, the money had no "value" besides its nominal stamp. Nothing was necessary to "back" the currency (e.g. S ≠ s), proving its fiction. Contemporarily, currency mostly operates as "paper", yet papers of different "values". For example, USD is purported to be "less" valuable than GBP, despite the equivalence of their relative material. Thus, the signifier truly signifies nothing, including itself. You may initially retort, but if I counterfeit USD, I become rich, while if i work for USD, I become poor. The means are not the end. The £1 coin is made from £0.04 worth of material, yet £0.04 is not £1. Further, £100 in credit is worth £0.0000… in expenses, yet £100 is worth £100. A mere symbol.
In another book, Baudrillard attacks Marx directly; "The Mirror of Production" (1973), where he accuses Marx of reproducing the logic of value, while seeking to critique it. Of course, this is obvious to anyone who has read "Critique of the Gotha Programme" (1875), for example. Baudrillard begins by seeing how post-capitalist imagination seeks productivity as an end in itself, not a means (e.g. profit):
>Everywhere productivist discourse reigns and, whether this productivity has objective ends or is deployed for itself, it is itself the form of value. It is the leitmotif both of the system and of a radical challenge-but such a consensus is suspect […] Marx did not subject the form production to a radical analysis any more than he did the form representation.<Mirror of Production, PrefaceBaudrillard is only perfectly correct, even in reference to Marx's own syllogism of production (t. Grundrisse, Introduction, 1858) which sees exchange and consumption as emanations of the principle mode of production. In Marx's later polemics, such as "Gotha", we see that Marx appears to favour the capitalist mode of production, just with altered relations, where for example, the means of production are owned by the state, and the means of consumption are distributed directly, rather than purchased (since exchange is the constitution of value). The worker still gets a wage and all other basics, so we may characterise it as a type of "state capitalism", perhaps akin to Stalin's discourse upon "socialist commodity production" (1951), rampantly supported by today's pro-China communists. Of course, Baudrillard is offering an attributed Bordigan alternative, "The hell of capitalism is the firm, not the fact that the firm has a boss". It is not simply the form, but the principle. Baudrillard in other places speaks as to his preference; a wish for a return to "symbolic exchange" (1976), or what we may call "gifting", as opposed to the debt systems which realise themselves as commodity markets, and their spectre of "value" as an intrinsic property of objects. Baudrillard then sees how the freedom of exchange is limited by the imperative of value to equivocate labour, which itself has its concept in the principle of production, rather than consumption, lets say. So then, Baudrillard's ultimate criticism is in the insistence upon value to begin with, which begins in the "principle" of production, and which he sees communists reproducing, even to a great extent, beyond capitalists; "real" relations impose themselves over "symbolic" relations. Man is forced to become "himself":
<In the same way atheism, being the supersession of God, is the advent of theoretic humanism, and communism, as the supersession of private property, is the vindication of real human life as man’s possession and thus the advent of practical humanism, or atheism is humanism mediated with itself through the supersession of religion, whilst communism is humanism mediated with itself through the supersession of private property. Only through the supersession of this mediation – which is itself, however, a necessary premise – does positively self-deriving humanism, positive humanism, come into being.https://www.marxists.org/archive/marx/works/1844/manuscripts/hegel.htmbut perhaps even "communism" is alienating? if we are free, are we then also free to abandon our freedom?
see: "brave new world" by aldous huxley (1932)