11-9-06 notes - ISS 215 – 11-9-06 --- Competing...

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Unformatted text preview: ISS 215 – 11-9-06 --- Competing Definitions of Social Class Two models for defining class: production v. consumption Production-Based Model Classes are defined on the basis of relationship to means of production: 1. capitalists = owners of means of productions (factories, land, etc.) 2. workers = those who own only their own labor power, which they sell for a wage to stay alive Production is at the center of life: people must produce in order to survive, and they must cooperate in order to produce.- so production generates both products and social relations Capitalism has two conditions: 1. laborers are denied control of means of production 2. wealth buys labor power Contradiction between workers’ and capitalists’ interests: workers produce more value in a days work than they get paid for ---> surplus value (value that the worker creates, that he doesn’t get paid for)...
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This note was uploaded on 04/20/2008 for the course ISS 215 taught by Professor Lang during the Fall '06 term at Michigan State University.

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11-9-06 notes - ISS 215 – 11-9-06 --- Competing...

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