SOCI 1001 Lecture Notes - Lecture 6: Naimans, Neocolonialism, Pharmaceutical Drug
5 Dec 2015
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How societies work: class, power, and change (5th ed) by joanne naiman. Capitalism: a way of organizing an economy so that the things that are used to make and transport products (such as land, oil, factories, ships, etc. ) are owned by individual people and companies rather than by the government. Key components: 1) maximization of profit, 2) economic expansion/marketability. Commodification: the process of transforming a relationship into a commercial relationship; something to be bought and sold. Consumerism: the belief that personal wellbeing and happiness depends to a very large extent on the level of personal consumption, particularly on the purchase of material goods. The idea is not simply that wellbeing depends upon a standard of living above some threshold, but that at the center of happiness is consumption and material possessions. Power: ability to impose one"s will in the face of resistance. Monopolization: a small number of companies control a sector of the market.
