ESPM 50AC Lecture Notes - Lecture 16: Capital Accumulation, Profit Motive, Meritocracy

• School: Berkeley
• Department: Environmental Science, Policy, And Management
• Course: ESPM 50AC
• Professor: k.Spreyer

Document Summary

Lecture 21 california resource capitalism - outline. Topics: asian immigration, incorporation, roles & experiences in natural resource industries (mining, railroad, agriculture) in california. Policy: property rights / civil rights / immigration and naturalization. Power relations and ideology: domination / marginality / resistance. What is capitalism? free market and exchange profit(motive/max) ---accumulation k, private ownership, supply and demand, means of production: meritocracy, neo-liberalism (deregulation, work-ethic (protestant), resource (degradation, transformation) self-interest/competitive individualism cultural values. 1: class (relationship production, labor/ class based; exploitation of labor by bourgeoisie; income inequality. Surplus value - cost of selling and production. Power: shady: technology innovation, exploitation, consumerism, consumption. Class based division of labor: capitalists / workers / managers. Capitalist class: bourgeoisie own surplus of resources, means of production: labor is a force of production, applied to means of production; distinct. Profit motive / capital accumulation accumulation of wealth by surplus value = profits: accumulation of wealth -- reproduce more wealth.