A Critical Review of:
“LABOR-TIME ACCOUNTING AND THE WITHERING AWAY OF THE STATE
Contributions to the critique of common misconceptions”
By David Adam
Published this year by Red & Black Books is a collection of essays by David Adam. The scope of his booklet is a defense of a transition from capitalism to communism as a political takeover of the bourgeois state by a proletarian power, which, during this transition, will self-manage its own labor.
In the first section, Adam sets out to defend the GIC’s text Fundamental Principles of Production and Distribution which describes a system of labor-time vouchers. To reassert the validity of such a system he directs his criticism to the writings of Gilles Dauvé who characterizes labor vouchers as a “wage in disguise.” For Adam this cannot be true since what is exchanged is “direct” labor-time that represents the concrete labor of each worker, as opposed to the exchange of abstract labor.
Two things need to be said.
The first is that the notion of direct exchange between labor-time (represented by a voucher) and the corresponding distribution of wealth from a social fund, maintains the same principle that regulates the exchange of commodities, as far as this is an exchange of equivalents.
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