Reappraising value of money in capitalism

Reconciling conflicting roles of commodities in capitalism

Claim

Marx predicted that capitalism would become a global phenomenon, but he never satisfactorily resolved the theoretical (but highly political) conundrum at the heart of his analysis of capitalism: by what precise mechanism would his economic model, which predicted a falling rate of profit and growing crisis, become reality? He would have been puzzled and disoriented by the course of 20th-century history, but the philosopher and political scientist in him would have insisted on beginning a new analysis of contemporary capitalism and its contradictions.

Counter-claim

Reappraising the value of money in capitalism is a trivial concern that distracts from pressing issues like poverty, inequality, and climate change. Money, as a tool for exchange, serves its purpose effectively within the capitalist framework. Instead of overanalyzing its value, we should focus on creating opportunities for all, fostering innovation, and addressing systemic injustices. The real challenge lies in ensuring equitable access to resources, not in debating the abstract worth of currency itself.