MHR 522 Chapter Notes -Marxism, Starbucks, Labour Power
12 Mar 2014
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Capitalism- wages are in competition. in product market. Radical perspective: believe in greater distribution of wealth. The marxist theory: karl marx says : essentially, there are human beings and the rest is nature. Our productive interaction with nature is labour hence why our actions would are labeled as labour. Everything have a use value and an exchange value (in market- ev=price) Has an inherent value: a socially necessary labour time to produce the. Commodity is a thing produced or exchanged (i. e sale on market usually commodity tangible items) Capitalism is a social system --- most production --- commodities for exchange ---old relations ---die, displaced (political) People have to make a living for survival so they become wage labourers. $ is the means for survival. Value for commodity is in the labour into making the commodity. Buying and selling other people"s labour (you live off the labour of others)
