GCM 110 Lecture Notes - Lecture 5: Late Capitalism, Metanarrative, Veganism
25 Aug 2016
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1 long answer question, 2 hand written pages, the best answers willy fully. Use this space with consice writing (10 marks) Chapter 1-4 and 6&7 and all lecture content and audio visuals prior to reading week. In the marketplace, under the logic of capitalism, we are pursuing our own self-interest. Seller: sell the least amount at the highest price = more profit. Buyer: the biggest amount at the lowest cost = better value for their money (profit). We should add: consumers largely think with the same logic. Capitalism is structured to produce 2 different types of conflicts. Owner"s profit is realised if the work is paid less than the labour is worth. Profits increase if worker wages are kept low while fewer workers work harder: the worker and owner are in conflict about where profit goes (but both want. 2. profit for their part in the commodities).
