Back

ⓘ Culture of capitalism




Culture of capitalism
                                     

ⓘ Culture of capitalism

The culture of capitalism or capitalist culture is the set of social practices, social norms, values and patterns of behavior that are attributed to the capitalist economic system in a capitalist society. Capitalist culture promotes the accumulation of capital and the sale of commodities, where individuals are primarily defined by their relationship to business and the market. The culture is composed of people who, behaving according to a set of learned rules, act as they must act in order to survive in capitalist societies.

Elements of capitalist culture include the mindset of business and corporate culture, consumerism and working class culture.

                                     

1. Capitalist culture and ideology

While certain political ideologies, such as neoliberalism, assume and promote the view that the behavior that capitalism fosters in individuals is natural to humans, anthropologists like Richard Robbins point out that there is nothing natural about this behavior - people are not naturally dispossessed to accumulate wealth and driven by wage-labor.

Political ideologies such as neoliberalism abstract the economic sphere from other aspects of society and assume that people make rational exchanges in the sphere of market transactions. However, applying the concept of embeddedness to market societies, the sociologist Granovetter demonstrates that rational economic exchanges are actually heavily influenced by pre-existing social ties and other factors.

In a capitalist system, society and culture revolve around business activity the accumulation of capital. As such, business activity and the market exchange are often viewed as being absolute or "natural" in that all other human social relations revolve around these processes or should exist to facilitate ones ability to perform these processes.

                                     
  • evolution of modern financial capitalism Finance capitalism or financial capitalism is the subordination of processes of production to the accumulation of money
  • Late capitalism or Late - stage capitalism is a term first used in print by German economist Werner Sombart around the turn of the 20th century. Since
  • Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to
  • Eco - capitalism also known as environmental capitalism or sometimes green capitalism is the view that capital exists in nature as natural capital
  • Criticism of capitalism ranges from expressing disagreement with the principles of capitalism in its entirety to expressing disagreement with particular
  • Pink capitalism also called rainbow capitalism homocapitalism or gay capitalism is the incorporation of the LGBT movement and sexual diversity to capitalism
  • The term regulatory capitalism suggests that the operation maintenance and development of the global political economy increasingly depends on administrative
  • Black capitalism is a political movement among African Americans, seeking to build wealth through the ownership and development of businesses. Black capitalism
  • a variety of historical cases, varying in time, geography, politics and culture Anarcho - capitalists argue that capitalism is the absence of coercion and