Capitalism: Difference between revisions
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(Created page with "<p><span style="">In a restricted sense, the term </span>'''<span style="">capitalism</span>'''<span style=""> describes an </span>'''<span style="">economic system based on private property</span>'''<span style=""> and in which the means of production (land, raw materials, tools) do not belong to the owners or </span><span style="">producers. <ref>Fortier, Jean-François and Pizarro-Noel, François. <em>Sociology from A to Z</em> , 2013, ERPI,...") |
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<p><span style="">In a restricted sense, the term </span>'''<span style="">capitalism</span>'''<span style=""> describes an </span>'''<span style="">economic system based on private property</span>'''<span style=""> and in which the means of production (land, raw materials, tools) do not belong to the owners or </span><span style="">producers. <ref>Fortier, Jean-François and Pizarro-Noel, François. <em>Sociology from A to Z</em> , 2013, ERPI, Montreal, 175p.</ref> </span><sup id="cite_ref-1" class="reference"></sup></p><p><br>''<span style="">Characteristics from a sociological point of view include:</span>''</p> | <p><span style="">In a restricted sense, the term </span>'''<span style="">capitalism</span>'''<span style=""> describes an </span>'''<span style="">economic system based on private property</span>'''<span style=""> and in which the means of production (land, raw materials, tools) do not belong to the owners or </span><span style="">producers. <ref>Fortier, Jean-François and Pizarro-Noel, François. <em>Sociology from A to Z</em> , 2013, ERPI, Montreal, 175p.</ref> </span><sup id="cite_ref-1" class="reference"></sup></p> | ||
<p><br>''<span style="">Characteristics from a sociological point of view include:</span>''</p> | |||
#<span style="">Incessant search for profit through commercial exchange</span> | #<span style="">Incessant search for profit through commercial exchange</span> | ||
#<span style="">The separation of producers and the means of production</span> | #<span style="">The separation of producers and the means of production</span> | ||
#<span style="">The private (exclusive) and privative (depriving others) appropriation of wealth</span> | #<span style="">The private (exclusive) and privative (depriving others) appropriation of wealth</span> | ||
<p><br><span style="">The many | <p><br><span style="">The many </span>'''<span style="">social and environmental consequences</span>'''<span style=""> of capitalism are discussed on the page describing [[anti-capitalism]].</span><span style=""></span></p> | ||
<span style=""></span><p><span style="">“</span>''<span style="">We are witnessing an explosive growth in the creation of financial wealth, increasingly disconnected from real production, and immense pressure from financial investors on companies to provide increased profitability."</span>''<sup class="reference"></sup></p><p><sup id="cite_ref-3" class="reference"></sup></p> | <span style=""></span><p><span style="">“</span>''<span style="">We are witnessing an explosive growth in the creation of financial wealth, increasingly disconnected from real production, and immense pressure from financial investors on companies to provide increased profitability."</span>''<sup class="reference"></sup></p> | ||
<p><sup id="cite_ref-3" class="reference"></sup></p> | |||
<span style=""></span><p><span style="">This uncontrolled growth translates into </span>'''<span style="">an ever-increasing exploitation of people and nature.</span>'''</p> | <span style=""></span><p><span style=""></span></p> | ||
<p><span style="">This uncontrolled growth translates into </span>'''<span style="">an ever-increasing exploitation of people and nature.</span>'''</p> | |||
Revision as of 20:31, 23 August 2022
In a restricted sense, the term capitalism describes an economic system based on private property and in which the means of production (land, raw materials, tools) do not belong to the owners or producers. [1]
Characteristics from a sociological point of view include:
- Incessant search for profit through commercial exchange
- The separation of producers and the means of production
- The private (exclusive) and privative (depriving others) appropriation of wealth
The many social and environmental consequences of capitalism are discussed on the page describing anti-capitalism.
“We are witnessing an explosive growth in the creation of financial wealth, increasingly disconnected from real production, and immense pressure from financial investors on companies to provide increased profitability."
This uncontrolled growth translates into an ever-increasing exploitation of people and nature.
- ↑ Fortier, Jean-François and Pizarro-Noel, François. Sociology from A to Z , 2013, ERPI, Montreal, 175p.