HIS101H5 Lecture Notes - Lecture 1: Labour Power, Utopia

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9 Feb 2016
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The Lockean Model
John Locke:
Locke says a monarch is anti-natural
State of nature is a peaceable kingdom, according to Locke
Problem is because of self-love/innocent selfishness
S.O.N is fragile and thus can degenerate into the S.O.W
Laws of nature are: 1st natural right is right, 2nd is liberty. 3rd is property
Combine labor power with object of desire
Locke says we have the right to own things
3 restrictions to property 1) Nothing must spoil 2) As good must be left over 3) Enough
must be left over for others
Primitive bartering: comes a problem (trade; cows/lettuce example)
State of money can be used as a token of exchange (transforms in S.O.N)
S.O.N is fragile and must stabilize.
Locke says enough is left over for others, as there’s always gonna be those who
accumulate a lot of money (big accumulators), who use their surplus capital to trickle
down to small accumulators. This hence creates jobs for the small accumulators.
“From a multiplicity comes one”
Arrive at a society of abundance, says Locke.
Liberal utopia (due to accumulation)
Liberal utopia is where poverty vanishes, as everyone is an accumulator, so they become
rich
Globalization: Big accumulators capital go to Asia instead of small accum. Hence jobs
are moved abroad
Globalization means that nobody is looking after the middle classes (alienation)
Lockean model is still in place, however it is breaking apart due to globalization
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