Sociology, asked by don3930, 1 year ago

what are the assumption behind capitalism​

Answers

Answered by sarazeb8989
0

1. Wage Labor:

There has to be a large group of people dispossessed of the means of production (property necessary to fulfill their needs).

2. Production For Exchange:

The purpose of production is not to fulfill people’s needs, but to create profit from exchange on the market.

3.Private Ownership of the Means of Production:

Private ownership creates wage labor through inequality. Without inequality, wage labor, thus capitalism, would be unthinkable.

4.Money/Credit:

Money is a universal equivalent that makes all exchange values (commodities) commensurable. Credit is necessary to keep anarchic capitalist market relations from constantly crashing (i.e., more then they do now).

5.A State with a Monopoly on the Legitimate Use of Violence:

Because inequality is necessary for wage labor, violence (or the internalized threat thereof) is necessary to keep the dispossessed dispossessed.

Answered by Parthdhami
0

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