ch 7 Flashcards
(10 cards)
1
Q
4 stages of capitalism
A
- competitive
- corporate
- regulated
- transnational
2
Q
profit as lure and lever for change
A
- lure - possibility of making profit - motivates business owners to reinvest profits
- lever - when profits are investments - creates change
3
Q
what destroyed earlier economic systems
A
social structures of accumulation
4
Q
what did social structures of accumulation do
A
- destroyed earlier economic systems
- transformed class structures
- social changes
- restructured capitalism
5
Q
change in institutional setting where accumulation takes place
A
social structure of accumulation
6
Q
when SSA changes, what else does?
A
strategies for profit-making
7
Q
SSA can be described by how its rules influence & are influenced by these relationships
A
- relationships among employees
- between employers and workers
- among workers
- between government and main private economic actors
8
Q
SSA will persist until..
A
those who advantage from it lose interest
9
Q
consolidation phase of SSA
A
when economy works for investors and most people in society
10
Q
how long does an SSA typically last
A
30-50 years
