SOCIOL 2 Lecture 18: Sociology 2 - notes
Document Summary
These are the two main economic rules that underpin the functioning of capitalist societies and states. This means they are enforced by countries through courts, police, etc. This means that we think of them as normal . Objects, money, ideas, spaces, and almost anything else can be owned by private individuals or organizations. Doesn"t mean that everything is owned privately in capitalist systems (things can also be owned publicly, i. e. by the government we"ll talk more about this later today) We take the idea of private property for granted. But, alternatives exist (and were stronger in the past) Collective ownership in socialist/ communist economies through cooperatives. As societies shift toward capitalism, private property laws and norms strengthen. In capitalist systems, the transfer of property takes place via market exchange. Markets = system/infrastructure for the voluntary exchange of goods and services.
