A Critique of the theses of the GIK and “labor coupons” (Excerpts from an exchange with Kees)
Kees, you write:
“The problem that I see is the following: as we are not in a situation of ‘abundance’ but in a situation of ‘scarcity’ there will inevitably be ‘exchange’ (or else total arbitrariness) based on some kind of calculation. The only possibility would seem to be take labor time as the basis of the calculation.”
The link between scarcity and exchange is something that also seems to me to be very important. Exchange and its main instrument, money, are an extremely effective means to ensure the circulation of goods in conditions of scarcity and a developed division of labor, as history has amply demonstrated. Too often we believe that it suffices to declare money “abolished” for it to disappear.
We cannot do away with money without eliminating the necessity for exchange. The Argentine experience of 2001, the “Movement for a social money” shows how, in a situation of scarcity, if the “official” money disappears, other forms of money reappear “spontaneously” as a product of the need to exchange in order to survive. Cigarettes were used as commodity-money during the Second World War by prisoners, and still are today in prisons in the United States.
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