Capitalism

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Department
School of Environment
Course
ENV222H1
Professor
Mairi Mac Donald
Semester
Winter

Description
ENV222Jan 26CapitalismLecture format1 The phenomenonDefinition of capitalism from the Bottomore readingp 79commodityproducing society manufacture of material goods is a dominant societal goal seen as an important way of achieving happiness means of production class factories farms other things needed to produce material goods are owned privately not by the state and in general terms by the rich but not exclusively labour powerbought and sold they buysell contract rather than feudal relations based in birth is the main way of organizing production selfexpansion through ceaseless accumulation the capitalist economy continues to grow because there is no limit to demand for material goodsperhaps has to grow capital funds science and technology so they can be used for wealth creation see below in the production process Webers interest sociologicalreligious explaining the evolution from European feudalism to capitalism as driven by more than just economic factors sociologicalemergence of new merchant class to challenge landed aristocracy religiousProtestantism based in individual relationship to God and so individual selfreliance instead of feudal reliance on social hierarchyth large corporations late 19 c evolution to market control by large firms private organizationsp 80 increased state inter
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