Friday, January 25, 2008

LSO230 Lecture 3

Karl Marx
- single most important person of the past 200 years
- 100 million dead from marxism ideas
- born 1818
- at 25 became radical and journalist
- was supported by Engels
- a bit of a deadbeat

Before, things were OK, but not good
  • Lived in the country
  • most people are bakers, farmers etc
  • people specialize a little at what they do
  • they trade as equals
  • landowners are the wealthy. the rest are not rich. Everyone is equally poor
Marx things that things are ok because
- good work. work contributes to who they are
- good communities

Things changed because capital came along. (not just money)
During the industrial revolution, captial changed to be owned by factory workers rather than tradespeople.

Capital divides into haves and have nots (bourgeoisie vs proletarians).

Two classes
Proles: sell their labour, work for a living, earn small wages in exchange for work
Bourge: do not sell labour, own capital, receive profits from others work

Peasants lose good work -> work in factories -> factories are more successful -> more peasants lose work -> more peasants work in factories -> drives down wages -> factories are more successful

Bourg invest money to get better technology which makes labour have poorer jobs with worse pay. More profits for the Bourgies.

Middleclass gets squeezed.
Proles work gets easier and easier, worse and worse. In 1818 half of the cotten mill workers were children under the age of 10.

Inevitably the proles get poorer and of greater number
the Bourgies get fewer and richer

Response - There has not been one big crisis. Why?
Destruction of productive forces
Conquest of new markets.

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