ENV222H1 Lecture Notes - Consumerism, Chemical Industry, Codependency

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ENV222H1 Full Course Notes
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ENV222H1 Full Course Notes
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Increased state intervention ; evolution to co-dependency large firms and large. Definition of capitalism from the bottomore reading: 79 . Commodity-producing 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 power bought and sold ; they buy-sell contract, rather than feudal relations based in birth, is the main way of organizing production. Large corporations ; late 19th c. evolution to market control by large firms (private organizations: 80 governments (public organizations) Most successful period 1950s and 1960s ; golden age of capitalism, in terms of. function of market demand: has to be there to continue growth, avoid recession or depression . steadily increasing per capita consumption (demand) as an essential element of capitalism.

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