The problem with labor (lecture 5) - September 11 - Lecture 5 The problem with labor Review some basic features of capitalism o Constant technological

The problem with labor (lecture 5) - September 11 - Lecture...

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September 11, 2012 Lecture 5 - The problem with labor Review: some basic features of capitalism o Constant technological revolution Ever-increasing productivity Decreasing socially necessary labor time per commodity (commetition among producers) Unstable: how to pay off constant capital? – failures, monopolies Constant capital – machinery, real estate, raw materials, energy o Surplus value extraction central: absolute, relative Absolute – exploiting the worker, longer and longer hours. Used to work 8hrs now 12 hrs. Relative – increasing productivity through technology, o Space-time compression Lowers socially necessary labor time Time from basic production to final sale getting shorter and shorter, more product per hour Review: primitive accumulation o Enclosures rural depopulation urbanization and a ‘surplus population’ o England in the build-up to the industrial revolution o Many places since then! Histories of land expropriation and agrarian transformation (colonists, national elites) Cities and informal settlements, Ongoing transformation and displacement o Enclosures/agrarian transformation:
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  • Fall '08
  • Staff
  • Geography, social reproduction, Absolute surplus value, social reproduction work

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