SOSC 1000 Lecture Notes - Lecture 1: Public Capital, North South Mrt Line, Mcjob
14 Dec 2018
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To produce wealthv: commons to describe a situation in a shared resource system where individual users acting independent according to their own self-interest behave contrary to the common good for all users. Things people who have commonly accessed, but they are commodified. Ex. nature and lakes becoming private or you need to pay to go in them: surplus value the excess of value produced by the labour of workers over the wages they are paid. Industrial revolution the changes in manufacturing and transportation that began with fewer things being made by hand instead using machines. Transition to new manufacturing processes 1760 1840: hand production to machines, chemical manufacturing, iron production, steam power, factory system. Textile industry first to use modern production methods. Feed by slavery and colonlism: mcjobs a low paid job with few prospects typically by an over-qualified person.
