This is something I never really understood in itself or why it’s important in the first place. Modern day examples would definitely help.

Can somebody help me out?

  • PointAndClique [they/them]@hexbear.net
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    1 year ago

    Neoliberal economists boast about this with supply chain abstraction through I, Pencil, a work by Leonard Read then adopted by Milton Friedman.

    Search ‘Nobody knows how to make a pencil’ and you’ll get thousands more hits than searching for commodity fetishism, Friedman basically repackaged Marx and sold it as a positive of free market economics.

    They basically took commodity fetishism and fetishised it.