Geography 3411A/B Lecture Notes - Lecture 3: Capital: Critique Of Political Economy, Marxist Geography, The Communist Manifesto

• School: Western University
• Department: Geography
• Course: Geography 3411A/B
• Professor: Jeff Hopkins

Document Summary

Like a fish in water: capitalism & neo-liberalism: capitalism & neo-liberalism, marxism, historical materialism, base determines superstructure. Private property right; owning stuff (e. g. , land) Economic system where private capital (wealth) is used to produce. Means of production all/mostly privately owned & operated for profit. Supply & demand for free market determine. A capitalist economy in which government actively engages in managing, investing, profiting and restricting the market place. G o d uc ti o n o d s. S e ri b ut io n. Pr ic es r v i c e s. A question of role of government in the economy. Capitalism is evolved over the past few decades, and so has politics. Capitalism can takes many forms; latest manifestation of thinking = neo liberalism: capitalsm & neo-liberalism. Limited gov"t (e. g. , enforce contracts, secure boarders, expulsion of undesirables) Supremecy of individual freedoms & accountability (e. g. , look after self)