SMC219Y1 Lecture Notes - Lecture 16: Industrial Revolution, Social Capital, Cottage Cheese

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Emerging science - see world organized scientifically (look for causes) Rules -> figure out how the universe works. Marx wanted to figure out how society functions. Foundation of all human behaviour starts with labour (one thing everyone possess. Changed the way we see social organization - new tools. Capital -> linked to value (not necessarily linked to labour itself) Saw group of people who had labour taken away from them (perform labour but have no capital in return) - slavery: ultimately unfair way of organizing labour. Shift in development in industry: late 18th century + mid 19th - industrial revolution. More factories, fewer individual farmers -> factories could support more families -> population grew + more kids for households. Paid workers less -> main purpose = generate capital for companies - took advantage of workers. Problems: workers = pushed deeper into poverty; second impact of industrialization and ownership of wealthier people - alienation of one"s own labourer.

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