SOCIOL 2L03 Lecture Notes - Lecture 3: Small Business, Bourgeoisie, Petite Bourgeoisie
12 Feb 2014
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Building on marx: ownership of the means of production, ownership and class. The bourgeoisie (the capitalist class) owns the means of production: they also hire large numbers of workers to work in the factories or with the technology to make commodities. The proletariat (the working class) does not own the means of production: they sell their ability and capacity to labour to capitalists who give them a wage. As capitalism developed, there would be deepening ownership concentration marx. That is due to the imperatives of the capitalists economy they would put pressure on capitalists organizations to expand their operations. This means that the bourgeoisie would start gobbling up the petty bourgeoisie. Large capitalists would start to buy up the small, independent owners in order to expand. Large capitalist organizations would get larger by acquiring small, independent companies in a related field.
