SOC298H1 Chapter Notes - Chapter 8: Scientific Management, Constant Capital, Capital Accumulation
Document Summary
Analysed how informality becomes the common feature of capitalist labour in globalising asia as mobility of capital develops. Increasing mobility of capital integrates asia"s working population: throughout asia, unwaged workers and workers in informal employment are increasing in number. These workers lack legal, institutional and, most of all, union protection. By end of 20th century increasing capital movement established the global factory. different industries and production processes are connected by global supply chains. Movement of capital results in movement of money & expansion, re-composition, and reorganisation of the social relation in which labour takes a social form. Capital moves internally within same production cycle by through different forms: constant capital and variable capital, or different products and production methods through technological and innovations. Capital moves externally relocating production, investing in new industry, or turning itself into commercial or financial capital.
