Final Exam Flashcards
Alienated Labour
separated from labour
- created private property and legitimizes it as a commodity to be sold to renter
4 types of alienation
from the product
from work activity
from others
from humanity
The proletariat
the working class sells their labour to live and don’t own means of production
The bourgeois
owns means of production, business owners, factories with miserable conditions, ruling class/elite
Proletarian revolution
represents the revolutionary overthrow of capitalist system by working class
-would result in classless society based on common ownership of the means of production therefore ending exploitation
Class antagonism
-bourgeois created proletariat
-inherent and inevitable in capitalism
-tensions between both sides
-they have conflicting interests
-this would lead to revolution
-capitalism would destroy itself because of this
Capitalism
based on reward system and hard work and serves interests of the wealthy and powerful
Marx’s analysis of capitalism
historical materialism, class antagonisms, surplus value, and alienated labour
Historical materialism
social organization by production and exchange
- economic relations move history and struggle between rich and poor
-governed by class struggle
Surplus value
-secret to capitalism
-worker doesnt get entire value
-desires manipulated by surplus value/the market
Surplus labour
amount of labour workers perform beyond what is necessary for surplus value they do not earn
Capitalism as accumulation at one pole and misery at the other
bourgeois: accumulate $
proletariat: accumulate misery
2 phases of revolution
- Proletariat overthrow bourgeois and become a dictatorship temporary because eventually the state would have no purpose if there is no wealth
- Bourgeois give in because they would have accepted their new system as better
Manichean world
- 2 species, two worlds
-divided by race
-colonists fear freedom of colonized
-violence is inevitable
-colonial world makes colonized envious
History of society
history of class struggles
Gender blindness of marx
saw women as victims, not subjects and ignores unpaid labour of reproductive labour
Capitalist principle
work first, then get paid
The debt economy
primary tool for current capitalist exploitation
How debt operates
-creates new class relation
-individualizes mechanism of exploitation
-hides exploitation
-illusion of self-investment
-causes shame, guilt, anxiety
Microfinance
-women borrowers
-promoted to alleviate poverty for poor and women
-allows exploitation, shame is self-managed
-it is a trap that erodes solidarity and makes capitalism hard to resist
Student Debt crisis
-parallel to microfinance
-individualization of debt
-power relations are invisible
Financialization of everyday life
more people forced to borrow from banks, debt drives this
Frederici’s response
-working class not united due to colonialism - race/gender divides
-reproductive labour maintains system
-debt economy and foundation of everyday life
-marx ignores women and sees them as victims rather than subjects
-responsibility to please men
-unwaged not valued
Capitalist perspective of women
sees them as property and uses them for the transmission of private property
Marx’s blindspot
unwaged labour, he only focused on waged labour