SOCI 3692 Lecture Notes - Lecture 4: Capital Accumulation, Proletariat, Class Consciousness
6 Nov 2018
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Scarcity becomes subjective get so much you never feel satisfied. Attach use to need (question of real vs false needs) Capital sell commodity receive money buy commodity: equal buy/sell (no capital accumulation) Petty commodity production use money buy commodity sell for money: use muns buy cinnamon use cinnamon to make more muns. Endless accumulation cycle invest money variable capital (human labor) constant capital (tools) produces commodity money collected: Production value in factory and realization of value when sold in market is different. Communication of labour: how labour value is determined; interests of labor and capital. Price: enough to feed more labors and create next gen workers. Class polarization: classes not belonging to either capitalist or proletariat placed in proletariat. Crisis tendencies: excess supplies, crisis is so great, cathartic element. Extensive expansion: moving to new areas of world not capitalized; commodifying activities; kensianism falling rate of profit: profit levels decline from tech development.
