Mass organization
Often referred to as a “mass org.” A mass formation is any organization that does not require its membership to submit to
Tag: political economics
Relations of production
(see also, means of production) Classes are made of complexes or networks of productive and property relations. The raw material of
Ruling classes
Dependent on the prevailing mode of production. The ruling class or classes are a product of class society and generally maintain their
Surplus value
Any period during which the worker has already made back the value of their wage and yet is still producing commodities for
Tendency of the rate of profit to fall
(see also, rate of profit; composition of capital) The general rate of profit has a tendency to decrease over time. As
trade-union consciousness
The organic and naturally-arising consciousness of the working class that it must combine into unions to fight for reforms. This less-than-revolutionary consciousness
Value
Marx identifies three values that exist under commodity production: labor value, a quantitative measure of how much work is expended to create
Wage labor
An element of commodity production – the mode of production whereby one sells their labor power in exchange for a wage.