POLS 110 Lecture Notes - Lecture 16: Feudalism, Overproduction, Regina Manifesto
4 Dec 2015
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Document Summary
Adds an air that it is just the way things are. Dominant values and beliefs (dominant ideology) of a society will also correspond to the way in which production/distribution occurs: liberal corresponds to capitalism for marx. Inevitable crises within capitalism were inevitable because: relative immiseration of the working class (relative poverty/greater, overproduction/ under consumption alienation) Each capitalist trying to maximize profits is going to maximize the amount they produce, and at a certain point, more is produced that what is the demand: tendency to monopoly/centralization of capital. Tends to concentrate and get into fewer and fewer hands. Makes it capital fragile more people at the bottom and fewer at the: imperialism inevitable as capitalism spreads across the globe. Trans-national corporations have become the norm of the time and. Marx thought this is the inevitable expansion of capitalism as they searched for more and more markets. top.
