What is Commodification?

Commodification is that something is treated or considered as a commodity.

(=a product that can be bought and sold.)

According to Karl Marx, commodities form the basis of the capitalist economic system. Marx believes that humans interact with nature to produce the necessary objects in order to meet their needs. The value of commodities produced to meet a certain need and consumed to meet that need is expressed by use value. Use value is more related to the physical structure of the commodity. In the market, however, commodities gain different values. The value that commodities obtain in the market, whether in exchange for a standard exchange such as money or in exchange for other commodities, is called exchange value. The value of water used to quench thirst can be given as an example of use value, while the value of a diamond is more of an example of exchange value.

Karl Marx considered the commodity as the cell form of capitalism.

According to Marx, while the value of goods should be equal to the amount of labor spent to produce that good, in the capitalist system, the market is thought to determine the value of goods as an entity independent of human beings. Thus, the market and goods come to be thought of as entities independent of human beings' labor. Marx calls this situation the fetishism of goods.

References:

Hearn, A. (2017). Commodification. L. Ouellette ve J. Gray (Ed.), Medya çalışmaları için anahtar kelimeler . New York University Press. Credo Referansı: https://uri.idm.oclc.org/login?url=https://search.credoreference.com/content/entry/nyupresskms/commodification/0?institutionId=4949
Wikipedia contributors. (2024, November 1). Commodification. Wikipedia. https://en.wikipedia.org/wiki/Commodification
Wikipedia contributors. (1864, January 1). File:Suppressed - Human flesh at auction.jpg - Wikipedia. https://en.wikipedia.org/wiki/File:Suppressed_-_Human_flesh_at_auction.jpg

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