SOC231H5 Lecture Notes - Lumpenproletariat
Document Summary
Mature capitalism: marx comes out with a different scheme, all societies, and not just capitalist, peasants and their autocracies and further on, the criterion he uses in the mean of production so either you own the mean of product or you don"t, simplifying it, you know that reality is much messier, and under mature capitalism, the capitalist class is two different, there are fractions with in the working class and so on are important for different strata, capitalist are competing with each other, land owners and industrial bourgeoisie are in competition, for instance you want wheat and corn lower so that you can pay the laborers lower wages, they begin to develop further and further, this is the dominant kind of capitalist class, that banking section that provides the loans, and much of the benefits are coming from the financial section, old middle class meaning that small workshop, bakery, or store.
