SOCI 3300 Lecture 4: social theory notes 2.9.17

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9 Feb 2017
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Marx (Day 3)
o Use value and exchange value
Commodities
o Before capitalism
C-M-C
“Commodities”
Sell it in order to make “Money”
To gain more “commodities”
Called Use value
o Capitalism
M-C-M`
Start with “money”
Invest it in a “commodity”
Sell it for more than you invested, making a “profit” (M Prime)
o This is the point of capitalism
Called Exchange value
Includes labor
o The Labor Theory of Value
Laborists are just a means to an end to
capitalists
You cant make profits without exploiting labor
Exploiting labor is a necessity factor for
capitalists
o The nature of class consciousness
Class-in-itself
Class-for-itself
Class consciousness
o Laborists need to see that they have a common
condition of exploitation
Forming unions/strikes
o Capitalists purposely divide workers so that they cant
unite
Divisions on race, religion, sex, etc.
Wild cat strikes
Strikes not under the Wagner Act
Relative wages
Profit can increase if wages go down relative to profits
o Labor market
It is hard for workers to form unions and strikes because they are
naturally competing against each other in the labor market
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