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