Most individuals primary resource is labor value of

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Unformatted text preview: pitalism • Productive resources are concentrated in a small portion of the population. • Most individuals’ primary resource is labor • Value of what workers contribute to production is greater than the wages they are paid – this creates profit Common Attributes of Capitalism • Workers wish to receive as close to full value of their labor as possible • Owners wish to pay a small portion of the value of labor • This creates conflict • Capitalism dictates that there will be differentiated economic and social classes – rich and poor Expansion of capitalism • Capitalism has spread throughout the world • Has been accompanied worldwide by widescale disruption of traditional ways of life • Most workers from traditional societies enter as low-wage laborers • They produce goods for wealthy societies that they themselves cannot afford Globalizaton • Integration of resources, labor, capital into a (single) global network • Consider the current economic crisis and its global dimensions, this isn’t just a crisis in the US Effects of Global Exchange Exchange Resulted in worldwide inequities: • Cultivation oriented primarily toward the market • Predominance of wage labor • Control over culture and social institutions • Bureaucracy: administrative hierarchy characterized Bureaucracy: by specialization of function and fixed rules by Philippe Bourgois “Office Work and the Crack Alternative” Underground Market in East Harlem • Why does Bourgois argue that this market has developed? – 1960s-1970s loss of manufacturing jobs – Conflict between ser...
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This note was uploaded on 03/10/2014 for the course ANTH 1003 taught by Professor Demovic during the Spring '07 term at LSU.

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