DSOC Prelim

DSOC Prelim - DSOCPrelim 01:48 , Oilcrisis Decolonization...

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DSOC Prelim 01:48 History of information capitalism Events of 1970’s -1980s shifted the world economy, ideology and social structure Oil crisis International lending Decolonization Globalization-industrial shift from N. to S. what does this mean for labor costs  and thus profits? New primitive accumulation in the way of privatization of information- patents,  copyrights, seeds, medicines Labor no longer takes the form of physical processing but the form of mental  processing (research, design, planning, consulting) Information Capitalism  Industrial production (traditional labor) has been customed Currently information/knowledge is produced that is sold as a commodity and  also used to increase the value of the commodity Knowledge has a price through the patent system( privatization of knowledge  creates value) For Hirschl, wageless production is the “final crisis” of capitalism because  surplus value in capitalism comes only from unpaid human labor. If there is no  longer human labor in the system because of the substitution of technology,  no profits can be made and capitalism will fall. Variable capital cannot be eliminated without destroying the capitalist system  but the capital system is moving to eliminate variable capital Capitalism appears increasingly unable to distribute the considerable benefits  of a technologically sophisticated economy beyond a narrow base of socially  well positioned professionals and capitalists Does information capitalism still contain exploitation ? If so who exploits  whom? Marxian Thought  Social theorists were trying to make sense out of the rapid social, political and  economic change that had occurred in Europe in the late 18 th  and 19 th  century Marx also was specifically reacting to the German philosophers who based  their theories on Hegel
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This note was uploaded on 10/19/2009 for the course DSOC 1101 taught by Professor Hirshel during the Fall '07 term at Cornell.

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DSOC Prelim - DSOCPrelim 01:48 , Oilcrisis Decolonization...

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