Week 3 Flashcards
(7 cards)
1
Q
What are some contradictions of Capitalism?
A
- capital vs labor
- capital accumulation vs nature
2
Q
What is Capital vs. Labor
A
Wage suppression leads to the overproduction of goods (that workers cannot buy)
Wage suppression = ability to afford to produce new things
3
Q
What is Capital accumulation vs nature
A
Ecological degradation undermines conditions for growth
Capital must invest more to address costs of ecological and social degradation
4
Q
What does open-access resource mean, in reference to land?
A
Belonging to no one in particular
5
Q
What does common property mean, in reference to land?
A
Owned by a community
6
Q
What does public mean, in reference to land?
A
Belonging to everyone, i.e. parks
7
Q
What does private mean, in reference to land?
A
Owned by an individual citizen/group
