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SOC 111
Jean Golden

1 Review the major analytical concepts: Mode of production: How we produce and exchange the necessities of life; How we reproduce the species; There are 4 modes of production: 1. Ancient communal societies- nomadic, small in size, egalitarian 2. Slavery- ancient and modern 3. Feudalism- agricultural societies, settled on the land, large in size, inequality/class 4. Capitalism- industrial, settled on the land, large in size, inequality/class, worldwide Forces of production: i. Labor force (who and division of labor) ii. Tools and technology iii.Nature Relations of production: i. Who owns and controls the mean of production ( social ownership, private ownership, personal and private property) ii. Who works and who does not work iii.Source and size of wealth and how it’s distributed Means of production: ii+iii= means of production T Major features of capitalism including: Major law of capitalism development : -Maximization of surplus value -Through expanded production -The increasing exploitation of workers Commodity production: Process of stuff 1. Extraction- natural resource exploitation, “thrashing the planet” 2. Production- mix toxic chemicals with natural resources,(100, 000+ chemicals, few tested) contaminated products, buildup in food chain and bodies, workers and disease 3. Distribution- sell contaminated stuff, cheaply and quickly 2 4. Consumption (of Commodities)- key to capitalism, disposable commodities ( 99% disposed within 6 months), consume twice what we did 50 years ago 5. Disposal- households produce 4.5 lbs of garbage a da, into landfills, burned, shipped elsewhere, industries produce more garbage than households Labor power as a commodity:  Our mental and physical capacity to work  Workers legally free to sell labour power in marketplace  Must sell labor power to survive Use value: Helps capitalists to make money Exchange value: wages ( determined by 1.cost of means of survival of the worker 2. Cost of means of survival of worker’s family 3.cost of worker’s training=> cost of labor power to produce labor power and the commodities needed by family= wage) Surplus expropriation:  Workers work m of p for the owners  Produce commodities  Keeps only small part of value of what is produced  Capitalists takes the rest Exploitation: Do not have control over the product of your own labor Concentration of capital: capital in fewer and fewer hands Centralization of capital: capital is centered in a few core geographic areas(know the difference) Conglomerates: Process speeded up by telecommunications Transnational corporations and the billionaires  Largest conglomerates in the world  Move beyond national borders for: cheap labor, cheap resources, new markets, sympathetic governments  Are larger than many nation states 3 Capitalist growth brings problems: 1. Conflict between capitalist class, and class fractions 2.Separation of ownership and control -Ceo’s and boards of directors - hides ownership of means of production 3.Anarchy of production: crisis of over production 4.declining rate of profit 5.polarization of classes 6.major classes in capitalism 7.Class conflict: inter and intra class conflict Class-consciousness and false consciousness Growth of paper economy Consequences of Surplus Expropriation for the Working class: -Role of technology -Dec
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