PHIL215 Lecture Notes - Labour Power, Fetishism, Control Risks

• School: University of Waterloo
• Department: Philosophy
• Course: PHIL215
• Professor: Brian Orend

Document Summary

Let me know via an instant msg on the right -> Looking for a collaborator: e-mail me at sampson. chen@gmail. com. Today: midterm announcement, finish capitalism, health & safety: internal, external (esp. The economy is a system for producing and distributing goods and services. We can think of the transactions (between buyer-seller) as the liquid in the bucket. Top bucket : the biggest player in the economy is consumers (50%-66%), followed by businesses, government, m. u. s. h. (municipality, university, schools, hospitals), foreign trade (x-m). Most generally, capitalism is a kind of economic system which: A) allows for the private property ownership (i. e. , the non-governmental ownership) of the means of economic production (such as natural resources and one"s own labour power); B) allows business people the freedom to set up their own businesses, and to keep some of the profits they earn for themselves and for their own private enjoyment;