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Commodification

Transformation of goods, services, ideas and people into commodities or objects of trade

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Through Commodity, Karl Marx and Capitalism

History

Terminology

The earliest use of the word commodification dates from 1975. Use of the concept of commodification became common with the rise of critical discourse analysis in semiotics. The terms commodification and commoditization are sometimes used synonymously, to describe the process of making commodities out of goods, services, and ideas.

However, other authors distinguish them, with commodification used in social contexts to mean that a non-commercial good has become commercial, typically with connotations of "corrupted by commerce", while commoditization is used in business contexts to mean when the market for an existing product has become a commodity market, where products are interchangeable and there is heavy price competition. In a quip: "Microprocessors are commoditized. Love is commodified."

In Marxist theory

The Marxist understanding of commodity is distinct from its meaning in business. The commodity form plays a key role throughout Karl Marx's work; with him considering the commodity as a cell-form of capitalism and a key starting point for an analysis of this politico-economic system. Marx extensively criticized the social impact of commodification under the names of commodity fetishism and alienation.

Prior to being turned into a commodity, an object has a "specific individual use value". After becoming a commodity, that same object has a different value: the amount for which it can be exchanged for another commodity. According to Marx, this new value of the commodity is derived from the time taken to produce the good, and other considerations are obsolete, including morality, environmental impact, and aesthetic appeal.

Marx claimed that everything would eventually be commodified: "the things which until then had been communicated, but never exchanged, given, but never sold, acquired, but never bought – virtue, love, conscience – all at last enter into commerce."

Mass communication studies

Media, as a culture industry, is apparent from the rise of mass communications to monetize a populace for profit. Research in critical cultural studies of media effects identify commodification of culture as a recent large contributing force for the disruption of a society by mass media. An example is the display of American culture to the population within its borders and abroad. The commodity being sold is the United States, but mediated to show only the most exciting, dramatic, attention-getting, emotion-rousing aspects. Media corporations are expert at analyzing and selecting appealing elements of the culture, then repackaging and enhancing those elements for a wide audience. The quest for large viewership creates an image that does not show boring, unpleasant, or minority aspects of the United States. The distribution of the alternate form of the culture, for profit, causes misconceptions and stereotyping along with disruption of the original folk culture. Within the United States, the commodification of culture is the mediated view of American society accepted as the culture and even advanced by the culture depicted; the example given is hip-hop and rap music artists stars "selling out". The United States, with media corporations less prone to governmental interference, is successful at spreading American culture worldwide.

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