POLS 1090 Lecture Notes - Lecture 2: Modernization Theory, Project Model, Neoliberalism
5 Apr 2016
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Document Summary
The way it connects back to the first stage is the reimbursement that is made from sales to continue the process once again. Necessary for the accumulation of capital (not to accumulate more commodities rather it is used for more capital) Capitalist want to maximize the difference between receipts from sales of products + cost of production. Constant drive to lower cost (leads to one of the key features of capitalism) One key feature of capitalism is the struggle between workers + capitalist over how the receipts from product sales are distributed. What is the cost of the wage rate. Wage lists are always a key feature of the overall cost of production for capitalists. Inherent drive to reduce costs leads to ongoing struggles over the cruel of the wage rate. Capitalist must also purchase raw materials that are part of mp (means of production) The environment is important in underpinning accessibility + cost of raw material + land.
