1,Marxism in political economy Cont'd Equality.Equality means not just equal opportunity,but also substantial equality of result. Efficiency.maximizes the attainment of society's goals including such intangible goals as justice,solidarity,and human development
1, Marxism in political economy Cont’d • Equality. Equality means not just equal opportunity, but also substantial equality of result. • Efficiency. maximizes the attainment of society's goals including such intangible goals as justice, solidarity, and human development
1,Marxism in political economy Cont'd In a private property system,individuals have opposing interests and social cohesion disintegrates. Political system:zero sum and conflictual The basic unit of analysis:Class . constant capital,variable capital,and surplus value
1, Marxism in political economy Cont’d • In a private property system, individuals have opposing interests and social cohesion disintegrates. • Political system: zero sum and conflictual • The basic unit of analysis: Class • constant capital, variable capital, and surplus value
1,Marxism in political economy Cont'd Physically,exploitation.Competitive capitalism guarantees that workers live on the edge of subsistence and that they get exploited to the maximum extent. C:V Mentally,alienation
1, Marxism in political economy Cont’d • Physically, exploitation. Competitive capitalism guarantees that workers live on the edge of subsistence and that they get exploited to the maximum extent. c: v •Mentally, alienation
1,Marxism in political economy Cont'd division of labor Work became boring and had no meaning except as a source of income ·“life beginning when work ends” assembly line vs.creative work
1, Marxism in political economy Cont’d • division of labor Work became boring and had no meaning except as a source of income • “life beginning when work ends” assembly line vs. creative work
1,Marxism in political economy Cont'd The forces that would eventually cause capitalism to self-destruct were all integral parts of the capitalist system. ·A,Competition ·B,Monopoly C,The tendency for profit rates to fall
1, Marxism in political economy Cont’d The forces that would eventually cause capitalism to self-destruct were all integral parts of the capitalist system. • A, Competition • B, Monopoly • C, The tendency for profit rates to fall