SOCIOL 2 Lecture Notes - Lecture 15: Materialism, Individualism
Document Summary
Capitalism has inherent globalizing tendencies, arising from: The drive to minimize the costs of resources & labor. Means companies/industries expand globally looking for cheaper natural resources and labor. The drive to maximize the sales of products. Means companies/industries expand globally looking for new. Historical roots of global capitalism consumers and new markets. Global capitalism emerged from a very long and messy process that was steered substantially by struggles over material wealth, culture, institutional entrenchment, and power (centeno and cohen, p. 23) Centeno and cohen argue that global capitalism is not just economic system, but has broader implication. Ubiquitous spread of market logics in our lives. Private property and market exchange as defining features of capitalism. But, big debates about how much should be left to private firms and market forces in capitalist systems. Countries with capitalist economies vary in terms of how much they try to. Why not leave everything to the market? control markets.
