Week 2

Question 1

Food System definition:

Answer 1

“An interconnected web of activities, resources, and people that extends across all domains involved in providing human nourishment and sustaining health…The organization of food systems reflects and responds to social, cultural, political, economic, health and environmental conditions and can be identified at multiple scales…”

Question 2

What is “use value”?

Answer 2

the measure of usefulness of a given thing

Question 3

What is “exchange value”?

Answer 3

Measuring the price of a given thing

Question 4

What is the original source of value?

Answer 4

Nature

Question 5

What is “capital”?

Answer 5

Value in search of more value

Question 6

Explain the M-C-M circuit

Answer 6

Money-Commodity-Money

Investing in something that will then be sold at a higher cost where profits will then return to investment

Question 7

What is one of the biggest way Capitalism is able to survive?

Answer 7

It’s a system that will only pay you less than what your labor produces. M-C-M. It needs the excess profit in order to re-invest and start the cycle again.

Question 8

What is labor power?

Answer 8

The capacity of humans to work and produce value

Question 9

What is racial Capitalism?

Answer 9

Recognizing that the origin of Capitalism relied on the differences between those who held the means of production and those whose labor was exploited, therefore recognizing racial hierarchies as a fundamental structure to Capitalism.