SOSC 1140 Lecture Notes - Lecture 6: Economic Policy Institute, Credit Suisse, Overconsumption
19 Oct 2017
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What is capitalism: capitalism is in concern with these following topics, private ownership, wage labour, commodity production, global capitalism. Source: epi (economic policy institute) u. s. report: state of working america (2012). http://www. theatlantic. com/business/archive/2012/12/a-giant-statistical-round-up-of-the-income-inequality-crisis-in- Source: credit suisse research institute, global wealth report, october 2010. http://inequality. org/global- inequality/#sthash. kbmz3rco. dpufinequality. org. Liberalism, as we see in j. s. mill, is a social theory about the relation of the 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. The language of freedom and the rights of the individual taken from liberalism are used to protect the economic system of capitalism. Terms like free and individual and rights taken from liberalism are used to refer to economic categories like free market, free labour,
