MARXISM & NEO MARXISM KW Flashcards
MEANS OF PRODUCTION
Materials, tools, places and transport and the way things were produced
RELATIONS OF PRODUCTION
The relationship between producers and the thing produced
SURPLUS PROFIT
Process of making extra profit — maximum money left over after paying essentials
FALSE CONCIOUSNESS
Being unaware of nature of inequality and accepts it as a norm
ALIENATION
Being unaware of other possibilities and real life
BOURGEOISE
Rich land owners
PROLETARIAT
Rest of population — working class
PETIT BOURGEOISIE
Merchant class and shop keepers
LANDED GENTRY
Small capitalist class who own land but may not use it
RENTS
Income that come from land ownership and property
RENTIER CLASS
Those who make income off rents
SOCIALISM
Focuses on welfare of citizens
SOCIAL OWNERSHIP
Ownership of commodities and regulation of industries
REPRESSIVESTATE APPARATUS
Uses FORCE to ensure order for the ruling class’s benefit
IDEOLOGICAL STATE APPARATUS
Industries that presents a world view which benefits ruling class
CULTURAL HEGEMONY
Domination and rule maintained of those in power through ideological or cultural means
RENTIER CAPITALISM
Marxists and Neo Marxist believe that capitalism has reached end point
COMMODIFICATION
Finding something to sell
SUPPLY SIDE INFLATION
Raining rents and prices on everything despite no greater scarcity
PARADOX OF COMMODIFICATION
Having nothing new left to sell and capitalism collapses