SOSC 1140 Lecture 6: Liberal Democratic Theory and Capitalism
15 Nov 2017
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Document Summary
Liberalism is the ideology of capitalism. individual and society in a democracy. Capitalism, as we see in capitalism shakes the world and in engels, is an economic system based on private ownership, wage-labour and commodity production. Ideology is a set of ideas that protect the interests of a dominant group and maintain the existing structure of society. Rights taken from liberalism are used to refer to economic categories like free market, Free labour, free individuals (as legal entities) or rights of individuals, free movement of capital, free trade, and so on. however, these categories belong to capitalism, not to democracy.
