*4.5 Some quotes:
“The historical processes that encode a romanticized distinction between concrete and abstract social relations grow out of Marx's identification of an internalized duality within the commodity. Romantic anticapitalism's confusion over the appearance and essence of the commodity is what Marx refers to as its ‘fetishism.’ While a focus on the fetishism of the commodity appears initially removed from the realm of race and social relations, the commodity is foundational to Marx's labor theory of value, which structures social — and hence race, gender, and sexual — relations within a capitalist mode of production. The chief effect of this fetishism is the appearance of capitalist social relations as antinomical: that an antinomy or opposition exists between concrete and abstract realms of society. Under a romantic anticapitalist view, what is real, sensory, or ‘thingly’ is the tree in your backyard, the dusty work boots by the door, the reliable pickup truck in the driveway. These make up the concrete realm. What is unnatural, nonthingly, or intangible is capital accumulation, surplus-value, and money. These form the abstract realm. Therefore, as Levi clarifies, ‘romantic anticapitalism... hypostatizes the concrete, rooted, and organic, and identifies capitalism solely with the abstract dimension of the antinomy.’ The antinomical view that characterizes romantic anticapitalism glorifies the concrete dimension while casting as evil the abstract domination of capitalism. In particular, the specific power attributed to Jews under National Socialism anthropomorphizes the internal workings of the commodity itself. What is remarkable is how the traits of mobility, abstractness, immateriality, and universality that modern anti-Semitism identifies with Jews are the very same characteristics that Marx uses to describe the commodity's value dimension. How-ever, as Postone clarifies, ‘this [value] dimension — like the supposed power of the Jews — does not appear as such, rather always in the form of a material carrier, such as the commodity. The carrier thus has a “double character” — value and use-value.’ In other words, what romantic anticapitalism misunderstands is that value, while seemingly abstract, is nonetheless objectified within the concrete, sensory form of the commodity during the exchange process. Pulling away the veil of the fetish will reveal that commodities are above all the representations (carriers) of social processes that are objectified in things, and as Marx puts it, ‘its analysis brings out that it is a very strange thing.’”
“…Katharyne Mitchell notes that in Vancouver, Hong Kong Chinese ‘are perceived as responsible for house price escalation as a result of using homes for profit through the practice of speculation, rather than as places to live.’ Much of this anti-Hong Kong Chinese sentiment came to the surface in 1988, when 216 luxury condominiums in the False Creek area were sold exclusively to Hong Kong buyers. The sales took all of three hours and circumvented the Canadian market, leading to charges that Hong Kong investors were taking over the city. Although the roots of the city's demographic shifts and spatial reconfigurations are the result of state-led efforts to expedite Vancouver's integration into the global economy, the racial outcome of these processes has effectively reinforced the perception that Asians represent pure market rationality—their desires represent the psychology of capitalist expansion. Asian investors and business immigrants have only economic rather than ‘human’ motivations. By contrast, for white Vancouver residents, as Mitchell points out, purchasing homes ‘secures profit yet does not have to be pursued as profit.’ Only white residents have the concrete, ‘natural’ humanity that allows them to ‘profess ignorance and innocence of any cynical or mercenary motives such as profit, yet establishes their fundamental connection to the underlying systems that generate it.’ The biologization of capitalism thus renders Asians less human, removed from the concrete associations that align whiteness with property and belonging.”
“According to Werner Biermann and Reinhart Kössler, ‘the settler mode of production’ relies on a developed capitalist world market and exploitation of the migrant labor system, a system that has advantages over slave holding because it helps to paralyze the resistance potential of domestic labor. They explain that ‘from purely economic considerations, migrant labour seems more efficient in terms of absolute surplus-value formation and the minimization of the social costs of reproduction.’ Contrary to the notion that migrant labor is an economic burden, migrant labor often assumes the total costs of its social reproduction. Moreover, the United States' longstanding interventionist mode has transformed economies and governments south of the border and across the Pacific and has contributed to the internationalization and expansion of the surplus labor force from which North America can draw. Settler colonial capitalism continually reinvents the levels of unfreedom through the creation of the debt-bound migrant. As Bierrman and Kössler explain, ‘Settler capitalism differs from slave-holding in the important respect that here the class of migrant workers as a whole is, in true capitalist fashion, dependent on the class of settler capitalists as a whole. Although the migrant workers are not personally free, their illiberty is not in terms of a personal relation of bondage to an individual master.’”