GS211 Lecture Notes - Lecture 4: Market Power, Neoliberalism, Latifundium
Document Summary
Gs211 lesson 4: structuralism, neo-marxism (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) Study points on myls: concepts to learn (tell why they"re important in theories of development) No true/false, no multiple choice just writing. All societies will progress to one regime (communism) Evolutionary view, very different language and very different way of explaining change. Both marx and rostow"s theories of modernizations are similar (both linear way of thinking about development of societies) Stages of social development: capitalism is but one stage. Final stages: communal worship of means of production by state (socialism) or people (communism) Central feature of marxism: analysis of modes of production and relationship between capital and labour. Under capitalism: two groups: bourgeoisie: own means of production, proletariat: workers who sell their labour to provide for themselves and a surplus (profit) for owners. They are not paid full value of goods they produce: surplus can be reinvested to create more wealth.
