SOC100H5 Lecture : Political Economy.docx
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SOC100H5 Full Course Notes
Verified Note
30 documents
Document Summary
Flaws abt economics and exploitation of people who do their work. As long as exploitation exists capitalism is threatened. Marx argued that ppl who owned the means of production owned everything (politics, media, etc. ) Don"t really know what to do: increasing concentrations of capitalism. There"s going to be fewer and fewer corporations and more massive corporations that ctrl unbeleivable amt of business. Competition limited more and more: falling rate of profit. If u keep replacing ppl w/ machines + they have no jobs Classes moving further away from each other in terms of money each class makes. No such thing as poverty line in canada. Too much is made and ppl dont want to buy. Supposed to create new market (doesn"t always work) Neoliberalism: everything gov"t involved in should be taken over by private enterprise.
