POLSCI 2O06 Lecture Notes - Indentured Servant, Wage Labour, Labour Power
3 Dec 2013
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What does this tell me about the ideas of freedom, democracy and equality: capitalism. Profit through poor wages, poor structure, cheap materials. Very recent type of an economic system. Most work is performed by people who do not own the company they work for nor do they own the products they are producing: economic systems. Is the way we organize production and distribution of goods within a society. Affects every aspect of human life, from how we produce and what we consume to how we relate to each other. Affects our ideas, the power dynamics and relationships we have: profit/ surplus value. Surplus is the extra money owners make from selling their product, for more than it costs to produce it. Leads to an uneven distribution of wealth, worker makes way less than the owner, doesn"t get full value. 2% of the world"s population own half of the world"s wealth. Richest 10% own 85% of the world"s wealth.
