GEOG 316 Lecture Notes - Lecture 9: The Communist Manifesto, Will Foster, W. M. Keck Observatory

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Ownership is the established right to possess an idea or object. Why are we where we are right now, and how to fix or make amends for future. Ownership: exert control over territory; assert control over space; economic organizations. Established by governments based on how resources can be allocated. Capital = money that can be invested to make more of it; sustained and exponential development in investment. Asset-to-capital: market people interested method of measuring value legal documentation ways of clearly identifying usually with legal doc. Wage labour: the selling of one"s labour to earn money. If no capital, then people sell their labour. Factory owner hires you to sell your labour to them for money. Core idea: private ownership is key; assets or labour. But we have control over ourselves and bodies. British econ will foster lloyd: 1833 management of population: small village, few families, sheep. Johnson"s sheep got there early, eat all before others can get.

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