SOSC 1340 Lecture 7: winter week 8 sosc 1340 ra

• School: York University
• Department: Social Science
• Course: SOSC 1340
• Professor: John Simoulidis

Document Summary

As a result, capitalism is a system of market compulsion in which laborers are compelled by the threat of hunger and poverty to sell their labor to an employer. That"s why the employing class can appropriate the goods and services workers produce. As the owners of means of production, capitalist have the legal right to claim workers" products. Mcnally explains how capitalism challenges the idea of freedom. He uses the example that employees do not have any control over production which leads them to sell their labour in order to survive. Their labour is what produces products who then are sold by the capitalist in order to make profit. These employees are doing everything in their power to create the product where as the capitalists are doing nothing so that they can gain profit. This means that these employees are forced to work to receive money just to make them survive in this world away from hunger and poverty.