capitalism/consumerism Flashcards
(17 cards)
Smith
EMPLOYERS AND EMPLOYEES FLOURISH
Adam Smith stated that a ‘mutually beneficial’ relationship exists between the employers and employees.
In a capitalist society where many are encouraged to create money the interdependency of relationships means one group cannot afford to use and neglect the other.
Therefore all will flourish due to the nature of each party needing each other.
Furthermore strict legal obligations in may countries mean all stakeholders are treated fairly
TRICKLE DOWN’ EFFECT
A virtuous circle can be created where the expendable income of others benefits those around them. The more a business grows and flourishes the more wealth which is distributes.
Hayeck
That a free economy will gain a spontanous order where there is growth.
-the true evil is unlimtied government that limits this
Maitland
Defends sweatshop labour on the grounds that “a wage or labour practise is ethically acceptable if it is freely chosen by informed workers”. He argued that sweatshops often pay higher wages than are paid for similar or the same work by local businesses — e.g. the wages offered by Nike sweatshops in Indonesia are five times higher than comparable local companies. Sweatshops, he says, promote economic growth and prosperity.
Nobugh
working for an ameircan mulaitnational makes 8x the average wage in poor areas
Sachs
Sachs – see positive impact eg) reduces poverty in China by 200 million
Ariostole
Cannot access eudiomania when rationality and agency is limited
-contray to telos and flourishing
Aquinas = shouldnt work for low pay ‘if they make you do unjust things, you shall not folow
chomsky
Chomsky
Behavior of capitalism is pathological
-Profit above any repsobility for employees or enviroment
Nichols
Become insturemnts valued for usefulness
chang
How local companys cannot compete with mncs
-smaller countires are exploted
Marx
‘appendage in the machine’
Pickett
Leads to an neuroitc urge to shop
-status anxiety
Conroy
Undermines ividualism and identity
=schools come to teach inidivudal to merely be a cog in the capitlaistic machine
-eg)work curlture in japan, birth rate down to 1.26 per women
Gray
Erodes pecerpetions of those we interact with most inimtaltey =means to an end
Eg)Swap a husband for a new one. View others as a commodity
Illouz
1)romance is commodified
she examines how romantic relationships have become commodified, with emotional experiences increasingly mediated by consumer culture.
Romantic encounters moved from the home to the sphere of consumer leisure eg)bar culture, or dating apps you pay for
2)curtsies self help culture = ne overarching theme of her work can be called the utopia of happiness. How we taught buying gym clothes, natural therapies bring hapiness
Zizeck
need communism. That capitalism as an ostebile cure but eacxbates the illnes
Fisher
easier it imagine end of wolrd then end of capitlaism. Eg)ussrs violence, ratzinger voices they ‘betray those they mean to liberate.
maclyntre
= advocates for a return to Aristotelian ethics, emphasizing the cultivation of virtues within practices that contribute to the common good. He suggests that small, self-sufficient communities can serve as models for a reformed society, where economic activities are embedded in relationships of uncalculated giving and receiving, rather than driven by market forces.
