PSC 124 Lecture Notes - Lecture 6: Industrial Revolution, Byrsonima Crassifolia, Corporate Social Responsibility
5 Oct 2018
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Document Summary
Economic determinism = the assumption that political behavior is driven by economic motivations and that political out ones are determined by economic power. Surplus value = the di erence between the value of raw materials and the value of the nal product. A theoretical approach that focuses on economics, as motivation in politics and as a source of power. Sees fundamental actors not as states but as classes. Bourgeoisie (owners of capital) vs. proletariat (working class) Based on the central concept of surplus value -> when companies make a pro t, the workers get a much smaller share than the owners, even though the workers are the ones adding the value to the materials. They believe this adds to the class gap. Owners have structural power aka the ability to manipulate workers because they have enough money to do so. A certain level of unemployment is nice for owners because it allows them to keep wages down (people are desperate)
