GOVT-105 FA2 Lecture Notes - Lecture 21: Proletariat, Bourgeoisie, Overproduction
21 Aug 2017
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Economy - society - gives rise to politics or thought. Metaphysics, great chain of being (god, jesus, pope/king, lords, vassals, serfs, The proletariat wages are going down because the skill level is so low and unskilled labor is so cheap: labor is a commodity (anything that"s interchangeable, wages can go as low as subsistent level (keep alive) If someone doesn"t like their pay you can dire do another. The working conditions are mind numbingly boring, isolated from other workers and isolated from the product, withdrawn from your own labor/product - Don"t see the real value/retail value of what they"re making because they are paid subsistence wage. Price/revenue and cost/labor (difference is profit for bourgeoisie: extraction of surplus value - proletariat don"t reap profit (don"t get true economic value of their work) Capitalism falls apart because there is less demand for over production. False needs - once everyone has your product, you must persuade them that they need the new features.
