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Dan Silver (151)
Lecture 3

Week 3

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University of Toronto Scarborough
Dan Silver

WEEK THREE The Spirit of Capitalism What is the difference between the Spirit of Capitalism and what is Capitalism Capitalism is the organized structure of society based on making profit The spirit of capitalism is the set of attitudes and beliefs that are important in life that connect you to the drive for making profit The point of life wasnt to work but to enjoy the fruits of your work What is SC? Pg 76quote from ben The main feature of capitalism is hard work and frugality are your duty , one has to be trust worthy and on top of things, because this is your duty Modern vs adventure modern is based on small hard working companies that try to make a living but this money will pile up eventually, adventure capitalism isnt new but rather people have always tried to get rich, there is no day to day slow methodical idea of day to day dealings, its driven by risk Ideal + Material Interests -- the ideal appears among those that arent rich, as the rich have material capital Why do we care about S? How did SC come about? Its comes from a certain type of rational Modern capitalism is scientific, and will use science in order to product economic activity, quantitativeaccounting. The Protestant Ethic Protestantism branch of Christianity, a system of theological beliefs about who God is what he wants from us, what is good and what is bad, how we get to heaven
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