Textbook Notes (369,050)
Canada (162,363)
Sociology (1,513)
SOC101Y1 (470)
Adam Green (15)
Chapter

Karl Marx and Capitalism.docx

2 Pages
154 Views

Department
Sociology
Course Code
SOC101Y1
Professor
Adam Green

This preview shows 80% of the first page. Sign up to view the full 2 pages of the document.
Description
Karl Marx and Capitalism Main prediction: fall of capitalism replaced by a communist world society Key ideas and methods to Marxist analysis of society - the process by which people meet their basic needs constitute the foundation of social organization mode of production  relations of production  society base  superstructures - DIALECTICAL METHOD: process of thesis, antithesis, and synthesis , continue until perfection is reached - mode/reations of production 4 stages : haunting and gathering AT: low standard of living, slavery AT: force, feudalism AT: static, capitalism AT: promoted class relations - fifth and final stage would be advanced communism - In Canada the Land Act of 1841 made it very expensive for immigrants to by land forcing them into labor to promote capitalism because we didn’t have feudalism etc. - Class issues ~ capitalism divides the classes causes ALIENTATION where people feel powerless, meaningless, isolated, and self-estrangement Capitalism = theory of exchange of productive labor like a bartering system. The value of goods reflect the amount of human labor that go into them. Capitalists interest MONEY – COMODITIY-- MORE MONEY Only way to make more money is through labor power because human labor can produce more than its own value = surplus value 3 strategies 1) Extend working hours per day per week LIMIT- exhausted workers are less efficient 2) Depress real wages by raising commodities LIMIT – workers need to be able to afford to buy commodities to live. 3) Labor saving technology that beats the average labor time LIMIT- eventually other companies will get the same eliminating their u
More Less
Unlock Document

Only 80% of the first page are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit