Powerpoint_Intro_Lect_10 - Marx's Theory of History...

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Marx’s Theory of History Progress Time Feudalism Capitalism Communism Revolution Revolution Relations of Production (static) Forces of Production (dynamic)
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The Extraction of Surplus Value Value Worker Produces in a Day Wages Paid to Worker by Capitalist Surplus Value Extracted by Capitalist
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Alienation The distortion of human nature by capitalism Forms of Alienation Alienation from the task itself Alienation from the object of production Alienation from other workers Alienation from nature
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Increasing Inequality Under Capitalism U.S. Wealthiest 1% of Americans control over 40% of all the wealth (versus 17% in the 1970's) 97% of the increase in incomes over the last 20 years has gone to the top 20% of families The bottom 5th of Americans has experienced a 44% drop in earnings between 1979-96 36.5 million Americans now live in poverty Bill Gates’ net worth in 2000 was equal to the bottom half of all Americans
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Increasing Inequality Under Capitalism Worldwide In 1999, 80 countries had lower per capita incomes than a decade earlier 3 billion people live on less than $2 a day 1 billion people are unemployed 447 billionaires have more wealth than the bottom half of humanity The assets of the 3 richest people in the world is greater than the combined GNP of the 48 least developed countries
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Concentration and Centralization Increasing Organizational Size Time Frequency
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Concentration and Centralization 53/100 of the largest economic entities in the world are corporations The sales of General Motors and Ford are greater than the GDP of all of Sub-Saharan Africa Wal-Mart has higher revenues than most Central and Eastern European states
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Dividing the Oil Wealth For every $100 of crude taken out of the Ecuadorian rain forests, the oil companies receive $75. Of the remaining $25, three- quarters must go to paying off the foreign debt. Most of the remainder covers military and other government expenses – which leaves about $2.50 for health, education, and programs aimed at helping the poor …whose lives have been so adversely impacted by the dams, the drilling, and the pipelines, and who are dying from lack of edible food and potable water.”
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Powerpoint_Intro_Lect_10 - Marx's Theory of History...

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