SOC101Y1 Chapter Notes - Chapter online: Labour Power, Unequal Exchange, Primitive Accumulation Of Capital
Document Summary
Birth of the liberal subject: commodities, money and citizenship. The core of capitalist social-property relations = the buying and selling of human labor. Capitalists purchase the creative capacities of workers in order to produce commodities, which are then sold in the market for profit. Unequal exchange between the capitalist and the worker. Workers produce more value for the capitalist than they receive in the form of money this surplus value is the source of capitalist profit. Class exploitation = the very center of capitalist social-productive relations. The buying and selling of human capabilities has become so common that people. Classical political economy evacuates the actual history of the origins of capitalism into an unknowable mythological past. Adam smith: cautious and ambitious individuals began to employ a greater mass of less rational, cautious and ambitious individuals who freely contracted with the former to sell to sell their labor power.
