GGRC02H3 Chapter Notes - Chapter week 3: Oligopoly, Primitive Accumulation Of Capital, Trademark Symbol

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5 Jul 2018
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The relative Surplus Population
- 3 conditions of the “relative surplus population”
1. Floating (people who are already proletarianized, full time wage workers that are
temporarily thrown out of work)  i.e pool of the unemployed
2. Latent (people not yet proletarianized; peasant pop. Not yet absorbed into the
wage-labour system)  proletarianization of rural world have pushed big #s of
people into the wage-labour force
opetty-bourgeois indep. Producers and artisans who get displaced by large-
scale capital and thus forced to enter the labour market)  this includes lots
of petty bourgeois people including: women/children
3. Stagnant (population that is irregularly employed and hard to mobilize 
includes: criminals, prostitutes, orphans etc.)  are very hard to mobilize into the
wage-labour force
- proletarianization of higher education has occurred w/ the neo-liberalization of
universities (pg 279)
- Marx also talks about how the mobilization of latent workforces utilize differences in
ethnicity, religion  are covered under the divide-and-rule politics put forth by the
capitalist class (eg. Race/gender/culture/) (pg 280)
-Marx second model of accumulation depends on the floating reserves created through
technologically induced unemployment
Strategic question of whether it is more advantageous for capitalism to work with
floating reserves or latent reserves  manipulating floating reserves poses
difficulties (eg. Labour organization = challenge new technologies  eg. In the 50s-
60s there was reluctance from the bourgeois corporate class to create
unemployment for fear of social revolt)
oThus: focused on latent reserves  1. Take capital abroad // 2. Import
workers (eg. In 60s-70s SWE there was low unemployment  brought in
labour from Portugol/Yugoslavia/Croatia to combat strong labour unions 
allowed for surplus value) (pg 281)
- Today there is lots of unemployment and lots of latent labour questions about how to
keep floating pop. Healthy enough to compete w/ the employed  trend of neo-
liberation (conservatives believe unemployment rises when labourers put too high a
price on their labour  only happens when welfare is strong thus they say to reduce
welfare to zero)
- Capitalist class interest is to manage labour supply to create/perpetuate a reserve army
(a combination of floating/latent) and keep wages down while weakening labour unions
- Marx’s discussion on the problems of effective demand (who has the money power to
buy the expanding volume of products)
Part of solution to this problem is the rational consumption of the working class
o1. Working class must have sufficient purchasing power to be able to
consume
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Floating (people who are already proletarianized, full time wage workers that are temporarily thrown out of work) i. e pool of the unemployed. Not yet absorbed into the wage-labour system) proletarianization of rural world have pushed big #s of people into the wage-labour force: petty-bourgeois indep. Producers and artisans who get displaced by large- scale capital and thus forced to enter the labour market) this includes lots of petty bourgeois people including: women/children. Stagnant (population that is irregularly employed and hard to mobilize includes: criminals, prostitutes, orphans etc. ) Are very hard to mobilize into the wage-labour force proletarianization of higher education has occurred w/ the neo-liberalization of universities (pg 279) Marx also talks about how the mobilization of latent workforces utilize differences in ethnicity, religion are covered under the divide-and-rule politics put forth by the capitalist class (eg. race/gender/culture/) (pg 280) Marx second model of accumulation depends on the floating reserves created through technologically induced unemployment.

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