SOCI 3340 Lecture Notes - Lecture 5: Consumerism, Deindustrialization, Manuel Castells

• School: York University
• Department: Sociology
• Course: SOCI 3340
• Professor: Joseph Di Grazia

Document Summary

Qualitatively new transnational stage in the on-going evolution of world capitalism. The capitalist mode of production has not only figured centrally in the generation of globality. The rapid growth of transworld spaces has also transformed the way production is ordered. What is (cid:272)apitalis(cid:373)? (cid:862)a stru(cid:272)ture of produ(cid:272)tio(cid:374) do(cid:373)i(cid:374)ated (cid:271)(cid:455) pro(cid:272)esses of surplus a(cid:272)(cid:272)u(cid:373)ulatio(cid:374)(cid:863). Glo(cid:271)alizatio(cid:374) has (cid:272)o(cid:374)tri(cid:271)ute to (cid:449)hat (cid:272)holte (cid:272)alls the ad(cid:448)e(cid:374)t of (cid:862)h(cid:455)per(cid:272)apitalis(cid:373)(cid:863) led (cid:271)(cid:455) (cid:449)hat ro(cid:271)i(cid:374)so(cid:374) calls a (cid:862)tra(cid:374)s(cid:374)atio(cid:374)al (cid:272)apitalist (cid:272)lass(cid:863) Globalization has changed the manner in which accumulation occurs. The process of capital accumulation forms the basis of capitalism, and is one of the defining characteristics of a capitalist economic system. Marx explorers the process in chapter 25 of capital vol. 1 (the general law of capitalist accumulation) (1867) Rosa luxemburg explores this concept/process further in the accumulation of capital (1913) Istvan meszaros has written a recent study on how to overcome not only capitalism but capital accumulation (the metabolism of capital) itself in beyond capital (1994)