Commodity Market Quotes & Sayings

In our modern world, this elemental quality of storytelling is denied. We live today in a world in which everything has its place and function and nothing is left out of place. Storytelling is thus at a discount and like everything else in a world ruled by the laws of exchange value, literature is required to submit itself to the requirements of the market and must learn, like any other commodity, to adapt and serve needs that lie outside of itself and its concrete value. It is forced to stand not for itself but for an ideological cause of one sort or another, whether it be political, social or literary. It cannot exist for itself: like everything else it has to be justified. And for this very reason the power of storytelling is automatically devalued. Literature is reduced to the status of complimentary utilitarian functions: as a pastime to provide distraction and entertainment, or as a heightened activity that would claim to explore 'great truths' about the human condition. — Michael Richardson

The art market was very different before the mid-1980s: then, art was all about passion, whereas now it's become a commodity. — Adam Clayton

Before it was usual to acquire goods in the market, not for personal consumption, but simply in order to exchange them again for the goods that were really wanted, each individual commodity was only accredited with that value given by the subjective valuations based on its direct utility. It was not until it became customary to acquire certain goods merely in order to use them as media of exchange that people began to esteem them more highly than before, on account of this possibility of using them in indirect exchange. The individual valued them in the first place because they were useful in the ordinary sense, and then additionally because they could be used as media of exchange. Both sorts of valuation are subject to the law of marginal utility. — Ludwig Von Mises

Wisdom, in short, whose lessons have been represented as so hard to learn by those who never were at her school, only teaches us to extend a simple maxim universally known and followed even in the lowest life, a little farther than that life carries it. And this is, not to buy at too dear a price. Now, whoever takes this maxim abroad with him into the grand market of the world, and constantly applies it to honours, to riches, to pleasures, and to every other commodity which that market affords, is, I will venture to affirm, a wise man. — Henry Fielding

...To allow the market mechanism to be sole director of the fate of human beings and their natural environment, indeed, even of the amount and use of purchasing power, would result in the demolition of society. For the alleged commodity, "labor power" cannot be shoved about, used indiscriminately, or even left unused, without affecting the human individual who happens to be the bearer of this peculiar commodity. In disposing of a man's labor power the system would, incidentally, dispose of the physical, psychological, and moral entity of "man" attached to the tag. Robbed of the protective covering of cultural institutions, human beings would perish from the the effects of social exposure; they would die as the victims of acute social dislocation through vice, perversion, crime, and starvation. Nature would be reduced to its elements, neighborhoods and landscapes defiled, rovers polluted, military safety jeopardized, the power to produce food and raw materials destroyed... — Karl Polanyi

Another federal law makes it a felony for any person "knowingly to deliver or cause to be delivered for transmission through the mails or interstate commerce by telegraph, telephone, wireless, or other means of communication false or misleading or knowingly inaccurate reports concerning crop or market information or conditions that affect or tend to affect the price of any commodity in interstate commerce."21 For this "crime," you can be fined up to one million dollars and imprisoned for up to ten years. If you are ever prosecuted for a violation of this law, the way it is written, all the government needs to do to put you behind bars is to prove that you sent anybody a single — James Duane

Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium. — Murray Rothbard

To give money to a woman - and here I must speak as a man - is to deny her special quality, her irreplaceability, and reduce her unique amiability to a commodity. Money takes away her name, while transforming her lover into a nameless customer of a market of appetites. — James Buchan

Barge traffic on the Mississippi River represents the most efficient, most cost-effective, most environmentally sound means of transporting commodity goods from this region of the country to market. — Leonard Boswell

Modern man has transformed himself into a commodity; he experiences his life energy as an investment with which he should make the highest profit, considering his position and the situation on the personality market. He is alienated from himself, from his fellow men and from nature. His main aim is profitable exchange of his skills, knowledge, and of himself, his "personality package" with others who are equally intent on a fair and profitable exchange. Life has no goal except the one to move, no principle except the one of fair exchange, no satisfaction except the one to consume.p97. — Erich Fromm

They all come in by themselves" Big Eve told her customers " & nobody is working here as a prostitute against her will." And thus Big Eve regarded her Health Centre as an important local commodity exchange market between those who had some sex to sell & those who wanted to buy it.[MMT] — Nicholas Chong

What corporations fear is the phenomenon now known, rather inelegantly, as 'commoditization.' What the term means is simply the conversion of the market for a given product into a commodity market, which is characterized by declining prices and profit margins, increasing competition, and lowered barriers to entry. — James Surowiecki

Even as the quality of available water is constantly diminishing, in some places there is a growing tendency, despite its scarcity, to privatize this resource, turning it into a commodity subject to the laws of the market. Yet access to safe drinkable water is a basic and universal human right, since it is essential to human survival and, as such, is a condition for the exercise of other human rights. Our world has a grave social debt towards the poor who lack access to drinking water, because they are denied the right to a life consistent with their inalienable dignity. — Pope Francis

Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark. — Murray Rothbard

Restoration ecology is experimental science, a science of love and altruism. In its attempts to reverse the processes of ecosystem degradation it runs exactly counter to the market system, to land speculation, to the whole cultural attitude of regarding the Earth as commodity rather than community. It is a soft-souled science. — Stephanie Mills

The truth has always been a more complex commodity than the market can easily package and sell. — Naomi Alderman

What is it about a work of art, even when it is bought and sold in the market, that makes us distinguish it from ... pure commodities? A work of art is a gift, not a commodity ... works of art exist simultaneously in two "economies", a market economy and a gift economy. Only one of these is essential, however: a work of art can survive without the market, but where there is no gift, there is no art. — Lewis Hyde

when you have been in business as long as I have you will be inclined to put a pretty high value on loyalty. It is the one commodity that hasn't any market value, and it's the one that you can't pay too much for. — George Horace Lorimer

People are cast in the underclass because they are seen as totally useless; as a nuisance pure and simple, something the rest of us could do nicely without. In a society of consumers - a world that evaluates anyone and anything by their commodity value - they are people with no market value; they are the uncommoditised men and women, and their failure to obtain the status of proper commodity coincides with (indeed, stems from) their failure to engage in a fully fledged consumer activity. They are failed consumers, walking symbols of the disasters awaiting fallen consumers, and of the ultimate destiny of anyone failing to acquit herself or himself in the consumer's duties. All in all, they are the 'end is nigh' or the 'memento mori' sandwich men walking the streets to alert or frighten the bona fide consumers. — Zygmunt Bauman

We don't know what energy is, any more than we know what information is, but as a now robust scientific concept we can describe it in precise mathematical terms, and as a commodity we can measure, market, regulate and tax it. — Hans Christian Von Baeyer

Social Ecology:
The notion that man must dominate nature emerges directly from the domination of man by man ... But it was not until organic community relation ... dissolved into market relationships that the planet itself was reduced to a resource for exploitation. This centuries-long tendency finds its most exacerbating development in modern capitalism. Owing to its inherently competitive nature, bourgeois society not only pits humans against each other, it also pits the mass of humanity against the natural world. Just as men are converted into commodities, so every aspect of nature is converted into a commodity, a resource to be manufactured and merchandised wantonly. ... The plundering of the human spirit by the market place is paralleled by the plundering of the earth by capital. — Murray Bookchin

The words of the Quran all seemed strangely familiar yet so unlike anything I had ever read before,' he told us. He embraced Islam in 1977, and changed his name to Yusuf, the Arabic for Joseph. 'I identified with the story of Joseph in the Quran,' he said. 'His brothers sold him like goods in the market place.' Yusuf felt the music business had treated him not like an artist but as a commodity. — Kristiane Backer

Prostitution is, essentially, not a capitalist phenomenon but a patriarchal one. It did not automatically occur when people began to buy and sell but is instead rooted in the relationship between men and women. But when prostitution is incorporated an advanced, highly developed market economy, this complex power struggle itself becomes a commodity. Sex is separated from the person and becomes supernatural. — Kajsa Ekis Ekman

Now, after the material resources of the colonies have been looted, their spiritual and cultural resources are being transformed into commodities for the world market. — Maria Mies

Right now, we need writers who know the difference between production of a market commodity and the practice of an art. Developing written material to suit sales strategies in order to maximize corporate profit and advertising revenue is not the same thing as responsible book publishing or authorship. — Ursula K. Le Guin

A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it. — Adam Smith

First off, the crude oil market, unlike every other commodity in America, is virtually unregulated. — Peter DeFazio

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity. — Ron Chernow

Modern man is alienated from himself, from his fellow men, and from nature. He has been transformed into a commodity, experiences his life forces as an investment which must bring him the maximum profit obtainable under existing market conditions. — Erich Fromm

In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee's lord. He is simply the buyer of services which he must purchase at their market price. — Ludwig Von Mises

Economic theory has nothing to say as to what commodity will acquire the status of money. Historically, it happened to be gold. But if the physical makeup of our world would have been different or is to become different from what it is now, some other commodity would have become or might become money. The market will decide. — Hans-Hermann Hoppe

It is also painful to see that the struggle against hunger and malnutrition is hindered by market priorities, the primacy of profit, which have reduced foodstuffs to a commodity like any other, subject to speculation, also of a financial nature, The hungry remain, at the street corner, and ask to be recognized as citizens, to receive a healthy diet. We ask for dignity, not for charity. — Pope Francis

These labourers, who must sell themselves piece-meal, are a commodity, like every other article of commerce, and are consequently exposed to all the vicissitudes of competition, to all the fluctuations of the market. — Karl Marx

bit of inaccurate information that somehow concerned crop or commodity market information or conditions. It does not matter whether you sent that message by telephone or mail or telegraph. It does not matter who you sent that letter to. It does not matter whether the information was actually false, or merely misleading. It does not matter whether your note actually had any effect on market prices anywhere, or even whether you intended for it to have that effect. The way this law was written by the morons in Congress, you are guilty of a felony if you send a postcard to your grandmother in a nursing home, trying to make her feel better by lying about how nice the weather has been in Florida, or how low the gas prices have been. And you will not find this law in Title 18 either; this one is buried in the bowels of Title 7 (sec. 13), which lists the laws supposedly regulating "Agriculture." Even — James Duane

When the market falls again this time, the Fed will again ramp up its money-printing program. This time I feel a good candidate for the next bubble will be a commodity bubble. This could be the fuel for the fire for a new gold bubble. — David Skarica