SOC101Y1 Lecture Notes - Social Stratification, Social Inequality, Bourgeoisie
Document Summary
Writings about the social and economic forces. Wrote during a time of industrial capitalism which was transforming the economy and transforming society. The over all system of economic activity in a society: mode of production. Its major components were the means of production and the social relations of production (relationship between the main classes: slavery had been the primary source to mode of production in earlier societies and throughout history. Surplus value: when labour is performed, more labour is needed to make something then what is given to them in return. This is called surplus value because the remainder is given to the owner. Marx suggested that a capitalist form of production would eventually be replaced by a socialist mode of production: private ownership of property would disappear along with the inequality that it produces. He said that this revolution would take place when the working class recognize that they are being exploited.
