20 Questions
How is class defined in terms of socio-economics?
By an individual's economic attributes such as wealth, income, and property ownership
In Marx's theory, what defines class according to the text?
Economic relationships between groups
What aspect influences a person's class status according to the text?
Their level of education
How does Marx define exploitation in his theory?
By the economic power dynamics between different classes
What concept relates to surplus value in Marx's theory according to the text?
The profit generated by labor beyond what is necessary to maintain the worker
What does a relational theory of class suggest about the middle class?
It faces barriers to entering and keeping middle-class jobs due to marked bodies.
How does neoliberalism differ from Keynesianism in terms of controlling inflation?
By stimulating growth through interest rates
What is the main element of neoliberalism as described in the text?
Reduction of taxes mainly for the wealthy and corporations
In Marx's theory, what is a key aspect of exploitation by capitalists towards the working class?
Extraction of surplus value from the labor-power of workers
How does a relational theory of class imply alienation of labor-power?
By highlighting the separation of marked from unmarked bodies in job opportunities
According to Marx's Relational Theory of Class, the bourgeoisie or capitalists are defined as individuals who...
derive their income from owning productive assets.
In Marx's theory, the term 'proletarians' refers to individuals who...
sell their labor-power to live.
How does Marx describe the relationship between capitalists and workers regarding the buying and selling of labor-power?
Exploitative.
What does Marx refer to as 'alienation' in the context of labor-power?
Losing control over one's time and energy due to work.
In the context of Marx's theory, what is the main purpose for which capitalists buy labor-power?
To use workers as tools for producing profit.
In Marx's theory, what is the main difference between surplus value and value in the context of exploitation?
Surplus value is the value of commodities necessary to reproduce the worker's labor-power, while value is the value of commodities produced by the worker.
According to Marx, what is required for profit to exist in capitalist society?
The exploitation of surplus value from workers by capitalists.
What characterizes capitalist society in relation to the working class and capitalists?
A large working class that produces most of the value, and a small class of capitalists who extract surplus for themselves.
What is the fundamental act of exploitation according to Marx's theory?
The extraction of surplus value from workers by capitalists.
How does Marx describe the relationship between workers and capitalists in terms of surplus value extraction?
Workers produce most of the value, but capitalists appropriate the surplus for themselves.
Discover what factors contribute to a job being good or bad, including job satisfaction and exploitation of surplus value. Explore the differences between a fulfilling job experience and one marked by exploitation.
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