HI125 Lecture Notes - Lecture 2: Wage Labour, Primitive Accumulation Of Capital, Industrial Revolution
Document Summary
In capitalism, the government isn(cid:495)t telling you what to do, and the economy rather bits and pieces of one that was later put together somewhere else by somebody else. balances itself. The great divergence; europe just had better institutions to develop capitalism (more supportive governments, better rules, better systems: europe was a better geographical location, which became a massive reason for the industrialization. These capitalist own the means of production and their class(cid:495)s goal is to maximize revenue (surplus means of production; the worker(cid:495)s class(cid:495)s goal is to maximize wages precariousness. Everybody was trying to work together; does not award people who were trying to disrupt social order: world of scarcity; if crops fail the farmer will fail along with it. If crops fail 3 years in a row, for example, the people will starve: conservative; depletion of land, evasion of dues, sensible peasants: concerned about consolidating lands, wanted to try out experimentation.
