Political Science 2237E Lecture Notes - Lecture 20: Consumerism, Political Movement, Proletariat
21 Mar 2018
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Use value and exchange value: ex. utility of a diamond ring is to get engaged. Labour theory of value: appropriate value of any commodity should be based on value of labour that went into it, pg. 341-2 (online reading: easy to understand real social relations when it came to the production of stu . When we think that the qualities of an object are communicated by christ. Price usually tells you about the quality of the object. Class struggle as the basis of all history: commodity fetishism hides this, pg 879 (textbook) The modern state: also called the capitalist state, the state only serves the bourgeoisie, ex of short term hit for capital but long term it was good. Canadian banks and mortgage lenders were watching what was happening in the usa with sub prime mortgages and went to the government and asked them to change the rules to allow sub prime mortgages and they said no.
