SOC 2700 Lecture Notes - Lecture 15: Overproduction, Group Conflict

• School: University of Guelph
• Department: Sociology
• Course: SOC 2700
• Professor: Reza Barmaki

Document Summary

Money makes more money for exploiing the working class. Contradicion: one of the key problems capitalism produces for itself is that it produces to much to fast. It produces to much that we cannot buy everything being produced. This causes us to go into a recession (every 6-7 years) Each ime we go into a recession it keeps geing bigger and bigger. Due to unemployment it leads people to commit crime in need of. Karl marx money or resources: if you want to understand society, look at the means of producion. Alienaion: our own products are coming back to kill us. Socialism: government controls the prices of commodity. Capitalism keeps geing bigger and bigger, coninuously growing: rich keep geing richer, poor keep geing poorer, unplanned producion, too fast/too much. It is growing to fast producing to many products. 1 hour of work per week: 10$ per hour, value produced: 30, 20$ proit, unpaid wages.