New form of energy
Centralization of work in factories
Mass production
Specialized division of labor
Wage labor
Economic Systems
• Capitalist
Private ownership of property
Pursuit of personal profit
Free competition and consumer choice
a) Welfare Capitalism combines a mostly market-based economy with extensive social welfare to provide for basic needs.
b) State Capitalism: companies are privately owned but co-operate closely with the government
Socialist
1. Collective ownership of property 2. Pursuit of collective goals
3. Government control of economy
Economic productivity: Capitalism out produces Socialism - 2.7:1.
Economic equality: Socialist economies create less income disparity but offer a lower overall standard of living.
Personal freedom: Capitalism ensures freedom to act and Socialism ensures freedom from want.
Capitalism perspectives
Functionalist – brings prosperity to society as whole
Conflict – enables rich to exploit poor
Symbolic interaction - sustained by the early Protestants’ belief that to live a hard-working and responsible life is God’s command.
Religion Any culturally transmitted system of beliefs used to orient people and set meaning for the sacred - Durkheim
Fuels conflict around the world
Colonization
Sacred objects represent, in part, the greater power
Religions came out of group behavior and group experience
Collective effervescence
-even when alone, carry the group with us
Kenneth Westhues –
Any set of beliefs, rituals, roles, and procedures by which people respond to the fact of limitation
Prescriptions- should do
Proscriptions – shouldn’t
5 functions integration regulation power interpret represent Weber
Micro theorist
- economic institution is important but there are other factors tying in to religion religion is an agent of change capitalism based off religion in society elective affinity – protestant is