SOC231H5 Lecture Notes - Lecture 4: Naomi Klein, Group Marriage, Dialectic
Document Summary
Marx continued : contradictions of capitalism, the concept of class buyout all the other companies and they are able to consolidate their power. You can produce so much, it becomes a weakness. Under the structure of capitalism, overproduction creates a falling rate of profit. When recession happens, there are companies that still survive, and they are able to (cid:498)overproduction(cid:499) of commodities. Capitalism enormous wealth creation, but unstable, irrational, boom/bust (cid:498)structure(cid:499) Key defining feature: relationship to the (cid:498)means of production(cid:499) Two-class model: own or do not own the (cid:498)means of production: mature capitalism: (cid:498)class polarization(cid:499) Irrational / contradictory social world: declining rates of profit, centralization of capital: mergers and takeovers (cid:498)boom(cid:499) and (cid:498)bust(cid:499): recessions, depressions, polarization of classes: capitalist vs. Working class: cyclical crises built into the system: final collapse, many responses (ideology and agency) to class-conflict and recession and depression, workers: strikes, unionization etc, capitalists, 1. Welfare state: social benefits: marx on globalization privilege etc.
