ACTIVITY TIME: SCRAMBLE LETTER
Direction: Arrange the letters to find the hidden
word.
SXIMAMR
___________
LAKR MXA
___________
What is the connection of the
two words?
OBJECTIVES:
B. relate the importance of socio - cultural,
economic, and political
conditions
to
Marxism
and
symbolic
interactionism theories.
C. apply the Marxism and symbolic
interactionism theories; and
Marxism Theory according to Quexbook, 2018
Marxism is a social, political, and economic
philosophy named after Karl Marx, which examines
the effect of capitalism on labor, productivity, and
economic development and argues for a worker
revolution to overturn capitalism in favor of
communism.
Communism is a political and economic system
that seeks to create a classless society in which the
major means of production are owned and
controlled by the public.
Capitalism is an economic system based on the
private ownership of the means of production and
their operation for profit.
Marxism posits that the struggle between social
classes, specifically between the bourgeoisie, or
capitalists, and the proletariat, or workers, defines
economic relations in a capitalist economy and
will inevitably lead to revolutionary communism.
A class is a group of people who share similar
characteristics specifically with regard to their
socioeconomic status.
Socioeconomic status refers to a person’s standing
with regard to his/her access to resources, monetary
capability, income status, occupation, and living
situation.
Class conflict (class warfare or class struggle) refers
to the conflict between different classes in a
community that is composed of different social or
economic positions and opposing interests.
The Six Elements in Marx’s View of Class
Conflict
according
to
Quexbook,
1. Classes are authority relationships based on
property ownership.
2. A class defines groupings of individuals with
shared life situations and interests.
3. Classes are naturally antagonistic by virtue of
their interests.
4. Imminent within modern society is the growth of
two antagonistic classes and their struggle, which
eventually absorbs all social relations.
5. Political organization and Power are an
instrumentality of class struggle and reigning ideas
are its reflection.
6. Structural change is a consequence of the class
struggle.
Two Types of People According to Karl Marx
according to Quexbook, 2018
Proletariat is consisting of the working or labor class.
Bourgeoisie is consisting of the management class;
those who own the means of production
The Three Sources of Income
1. Owners of simple labor power or laborers whose
main source of income is labor.
2. Owners of capital or capitalists whose main
source of income is profit or surplus value.
3. Landowners whose main source of income is
ground rent.
The Three Levels of Culture Model
according to Quexbook, 2018
Infrastructure - population, basic biological need,
and resources (labor, equipment, technology, etc.).
Structure - pattern of organization (government,
education, production regulation, etc.).
Superstructure - social institutions (law, religion,
politics, art, science, superstition, values, emotions,
traditions, etc.).
Capitalism is distinctive, Marx argues, in that it
involves
not
merely
the
exchange
of
commodities, but the advancement of capital, in
the form of money, with the purpose of
generating profit through the purchase of
commodities and their transformation into other
commodities which can command a higher
price, and thus yield a profit.
Marx claims that no previous theorist has been able
adequately to explain how capitalism as a whole
can make a profit. Marx’s own solution relies on the
idea of exploitation of the worker. In setting up
conditions of production the capitalist purchases
the worker’s labor power — his ability to labor — for
the day.
The cost of this commodity is determined in the
same way as the cost of every other, i.e. in terms of
the amount of socially necessary labor power
required to produce it. In this case the value of a
day’s labor power is the value of the commodities
necessary to keep the worker alive for a day.
Suppose that such commodities take four hours to
produce. Thus, the first four hours of the working
day is spent on producing value equivalent to the
value of the wages the worker will be paid. This is
known as necessary labor. Any work the worker
does above this is known as surplus labor,
producing surplus value for the capitalist. Surplus
value, according to Marx, is the source of all profit.
Commodities- product
Profit- return or gain