SOC202 Lecture Notes - Lecture 9: Class Consciousness
24 Dec 2015
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23 contradictions, crisis and revolution in capitalist society. 24 marx: contradictions, crisis and revolution in capitalist. What structural contradictions are built into logic of w-l/c relations: pauperization. Impoverishment class differences in living standard caused by private appropriation or surplus value. (capitalist get to keep surplus) This is an defining feature of capitalism. Large number due to the structure of capitalism: rationalization of production at level of firm (creating alienation and unemployment) leads to anarchy of production at level of market (overproduction/under consumption) Rationalization making costs of labour low and as efficient as possible. Can"t afford to make labour costs expensive, or else people will sell product for lower. Anarchy of production at level of market. When there are 10 companies all making the same product for cheap, there is an over saturation of product. Companies will end up going out of business because companies will be better than the other.
