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53 pages 1 hour read

Karl Marx

Economic and Philosophic Manuscripts of 1844

Nonfiction | Book | Adult | Published in 1843

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Essay 8Chapter Summaries & Analyses

Essay 8 Summary: “The Power of Money in Bourgeois Society”

Human feelings bear a meaningful connection to human nature, and the feelings one has for an object reflect different kinds of gratification. In some cases, one affirms their satisfaction with the object by annihilating its existence, especially in the case of food or drink. Other human beings can also be objects of gratification. One of the most important connections is property, the connection with an object produced through one’s industry, generating both satisfaction and the possibility of further activity. Money is the ultimate object because it possesses the power to acquire any kind of satisfaction imaginable. Its power is such that it mediates the relationship between a human being and objects, as well as their relationship with other human beings. Marx quotes Goethe’s Faust, the legendary play about a man selling his soul to the devil, citing a line in which the devil talks about how purchasing something, even a living being like a horse, establishes total ownership. Marx then turns to Shakespeare’s Timon of Athens and a speech describing how money has the power to turn the moral order of the world upside down, especially to take something morally questionable and reframe it as good, to corrupt the most intimate relationships, to bend everyone to its purpose, and ultimately endowing the most ruthless with the most power.

Commenting on these passages, Marx notes how money and possession act entirely independently of the owner’s qualities. The fool can pay for the help of the wise, the ugly can pay for the companionship of the beautiful, and the dishonest person can pay for the privilege of being treated as though they were honest. Money may not change that person’s character, but it can change the typical consequences of character traits. Shakespeare points out that this relationship is comparable to that of a pimp, arranging the facsimile of a real connection. Money confirms the alienation of humankind by giving them the theoretically unlimited ability to pretend to be something they are not, to bring any wish into existence.

The person without money is left with their imagination. That which a person imagines is presumably not a need since they can go on without it, but should they acquire that money, the figment of the imagination suddenly becomes a need, and its absence becomes intolerable. In this way, money changes the person by reconfiguring how they think and act. The ultimate result is that no moral order is possible under the rule of money, which is constantly turning every vice into a virtue and every weakness into a strength. It multiplies contradiction after contradiction, leaving the individual with no other option but to try and buy their way into their own comforting corner of reality. Real connections require reciprocity—loving in order to be loved. Any attempt to buy such qualities is a cheap imitation of the real thing and makes it impossible for someone to reckon with who they are.

Essay 8 Analysis

This short essay contains many surprises, especially compared to the rest of the work. Although its subject is money, it says nothing about political economy or the standoff between labor and capital. Instead of quoting Smith or other economic philosophers, Marx looks to Goethe and Shakespeare, playwrights and poets who offer some of the most illuminating and timeless insights on human nature. The writing and argumentation are clear and straightforward, and every point he raises comes to a definitive conclusion. Perhaps most surprisingly, Marx’s main point is one that the modern reader is likely to find compelling, regardless of their attitudes toward Marxism as a whole: that money cannot buy happiness. There is also ample contemporary evidence for his observation regarding the corrupting effects of money. The term “corruption” has become so commonplace in political discourse that one of its main meanings has become obscured. Corruption is not just a government official taking bribes or twisting the law to help their friends and punish enemies. Corruption refers to something that has lost the substance of its original meaning while preserving its outward form. It may appear the same but increasingly conceal a more sordid reality.

Marx offers a memorable account of the corrupting effect of money. On the surface, money appears to elevate a base thing into a noble thing. One may think of stories such as The Prince and the Pauper or Aladdin where a poor person suddenly turns into a rich person and brings the common sense of the street into the royal court. For Marx, the real effect of money is to turn beautiful and noble things into cheap imitations of themselves, ultimately degrading the concepts of beauty and nobility. This is based largely on the assumption, clearer in the other essays, that the rich person’s worth has no connection with their moral worth, except perhaps an inverse one, as the ranks of the capitalists are filled with the “lazy” and “rapacious.” The person who has accumulated wealth has, in Marx’s view, almost certainly degraded themselves in the pursuit, and is therefore using their money to buy back what they have squandered. If a thief can buy the reputation of an honest person, and force society to treat them as such, the very idea of honesty suffers. If access to a high-powered attorney enables someone to stifle the pursuit of justice, while an innocent poor person takes a plea bargain rather than undertake the risks and expense of a trial, then justice itself is in question, not only in those cases but in a system that permits them to occur.

Marx ends the essay on a moving note, describing the emotional and intellectual investments required for true wealth and happiness. Again, it is unobjectionable to advise the cultivation of real human connection and to be wary of purchased affections. But of course, Marx cannot be satisfied with giving advice to individuals, however sound it may be. The power of money will not be stymied with a rededication to humanism. Although the concept may be absent from this essay, we know he believes that the only real solution is revolution.

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