Abstract

The first part of this book (“Social Waste and Non-Commodity Waste, and the Individual Circuit of Capital”) will probably be of most interest to readers of this journal. The author argues that Marx’s formula for individual circuits of capital does not allow a fully adequate comprehension of capitalism. Marx discusses the initial money capital invested (M), the commodity inputs purchased with investment capital (C), the production process (P), the new commodities produced (C’), and the money appropriated from sales of those commodities (M’). Custers insists that two other elements must be included: the non-commodity waste produced in the course of commodity production, and the social waste that results when commodities have “negative use-values” (this occurs when their use inflicts net harm on society). He takes the pollution generated in the course of producing nuclear energy as the main example of non-commodity waste, while nuclear weapons provide the paradigmatic illustration of social waste. Custers adds symbols for these two phenomena (-W and =W, respectively) to Marx’s M-C-P-C’-M formula. The discussion of the profound environmental costs of each and every stage in the production of nuclear energy warrants special mention due to its clarity and comprehensiveness. Representatives of the nuclear industry and their allies are becoming increasingly emboldened to propose nuclear energy as the solution to global warming. Many of us suspect this is an insane idea. But it is important to know precisely why this..