SOCIOL 101 Lecture Notes - Lecture 3: Capital, Volume I, The Communist Manifesto, Bourgeoisie
Document Summary
Society in which a vast majority of population lives in countryside living on land. Land is controlled by a small group of hereditary elites (have superior blood ) Main classes: the lords (ie, nobility) Have control of the land and the people on the land: the bourgeoisie. Buy and sell goods, lend money to earn their living. With increase of trade, bourgeoisie actually end up earning more than the lords and push nobility out of power: the serfs. They don"t have land so they have to work for the lords. The class of modern capitalism, owners of the means of production and employers of wage-labor . The class of modern wage-laborers who, having no means of production of their own, are reduced to selling their labor-power in order to live . Resolutions -> bourgeoisie gain economic and political power. Theory of the capitalist mode of production. Finds contractions and holes in economists" findings.
