PHL317H1 Lecture Notes - Lecture 8: Industrial Revolution, Productive Forces
Document Summary
But people losing their jobs is not a reason to stop technological advances. If we improve our technology to the point where this is possible, we can live in a fully c society. Capitalism is great because it makes us great at making things we need. Eventually one way of organising ourselves will not allow our productive forces to advan. And so our economic and social conditions change to adapt to this. And then the revolution bringing a new superstructure takes place. During feudalism, a merchant class developed alongside feudalism. And engaged in this market, setting prices high. And became more influential than the feudal lords. That"s why we have all the stuff of the current superstructure. Buying power, everything depending on the market, etc. But you can"t get change at any level of the superstructure without affecting the other. In chasing higher capital, capitalists need to reduce costs.
