RSM100Y1 Study Guide - Midterm Guide: Marxism, Primitive Accumulation Of Capital, Economic Globalization
Document Summary
Marx and weber: weber: mentality that caused capitalism (capital accumulation), he never mentions violence or violent processes, marx: conditions favourable for capitalism, people didn"t have anything else left. Capital is not just a sum of money; it is a social relation. Money becomes capital when you employ others to work on your means of production. That becomes surplus value for the owner of the means of capital. If it wasn"t for the role of the state, to displace the peasants and create the conditions of capitalism to emerge. Think about major ideas we covered since test 1 and say where you could apply the dialectical approach. You are working class as long as you"re selling your labour, doesn"t matter if you"re highly skilled, or your economic class. (marx) concept that helps us understand a person"s relation to others in society. Exploitation: the procreation of surplus value from capitalists to workers.
