SOCA01H3 Lecture Notes - Lecture 8: Monopsony, Marxist Feminism, Oligopsony
Document Summary
Based on private ownership of the means of production (land, raw materials, factories, machines). Dominant ideology denies that employees care about their work (only owners care): goal of production: maximizing profits (surplus value), not producing use value. Domination of market and money as means of distribution. Dominant for of production in capitalism: use of new forms of energy: water, steam, internal combustion, nuclear ( manufactory production uses only human and animals energy, machine technology. Increasingly detailed division of labour, therefore increasing use of unqualified, cheap labour: women and children. Increasing productivity of labour: the amount of goods a worker produces in a unit of time. Sugiman: family capitalism: naiman: free enterprise / laissez-faire capitalism (state intervention limits the activity of enterprises only minimally) A large number of small to medium firms compete in a market: no buyer or seller can significantly influence prices by withdrawing from the market.
