SOC 1101 Lecture Notes - Lecture 26: The Communist Manifesto, Social Inequality, Thomas Piketty
Document Summary
Revolution: fundamental cause of destruction of capitalism or any mode of production, means of production come into conflict with social relations. In capitalism, this crisis is created by overproduction: overcoming revolutionary crises, creation or conquest of new markets, destruction of part of means of production. Recap: communist manifesto and understanding in inequality: historical materialism, social relations + means of production, class conflict. In capitalism, between labor and capital: central processes within capitalism, competition, profit, economic expansion, crises of overproduction. Improvement in means of production (productive capacity of society: new markets, destroying part of means of production. Inequality in 20th century us: understanding trends in inequality, shifts in economy, piketty, r > g, returns to capital, economic growth, national policies, social conflicts, social movements, class conflict (labor movement and unions) Shifts in national policy and economy: two major shifts in 20th century. Increased consumption: workers in particular also gained benefits. Increased wages: expanded benefits, greater job stability.
