SOC 104 Lecture Notes - Lecture 5: Profit Maximization, Sovereign People, Naimans
Document Summary
Lecture 6 & 7 (february 2 th ) Contemporary capitalism: corporations rather than individual owners / the development of tnc"s, (visible that internationalized brands (trans national corporations) are brands that cover most things // businesses that grow to be huge) ***marx and naiman ask the question can we put that into our account, how can we reign this in and bring this into question, argue that it comes into conflict with other areas of life. Social conflict in capitalism: capitalism produces conflict, owner"s profit is realized if the worker is paid less than the labour is worth, profits increase if worker wages are kept low, while fewer workers work harder, 1. The worker and owner are in conflict about where profit goes (but both want profit for their part in the commodities: 2. There is also conflict between owners for profit (but all share a value of the structure)
