SOC 103 Chapter Notes - Chapter 4: Simple Commodity Production, Petite Bourgeoisie, Industrial Revolution

• School: Ryerson University
• Department: Sociology
• Course: SOC 103
• Professor: Graeme Metcalf

Document Summary

Soc 103 module 4 chapter 4: the basis of modern societies. By the year 1000, early agrarian societies had become formally organized into feudal societies. Feudalism was an agricultural system that had developed from agrarian slave societies. Forced agricultural service handing over surplus of production. Rent serfs had own land and must give lord portion of production. Slavery was the most extreme form of extra-economic coercion. Bourgeoise a new class of owners, merchants providing raw materials and the tools to those who made product for them to improve profits via greater control over the productive process. Capitalist seeks maximization of profits short term, long term is maintain the capitalist system itself. Simple commodity production: limited production for exchange. Workers retain some ownership or control of some means of productions. Surplus appropriated primarily via extra economic forms of coercion. Capitalist commodity production: everything is a potential commodity. Workers separated from ownership or control of the means of production.