Capitalism and Technology Essay

Capitalism and Technology Essay

Technological change is seen to be a natural evolution within the scope of capitalism. A capitalist society depends on competitiveness to drive innovation, and increase market share as well as profits. Producers desire to gain an important edge over other firms working within their industry, this competitiveness, therefore, drives mechanization and the increased use of technology. According to Marx, it is this technology that will eventually lead to the downfall of capitalism due to the crisis-prone capitalist system. Ultimately, the rise of profit will fall as the foundations of capitalism are undermined. With the growth of intellectual property and the popularity of 3D Printing, technology represents a great challenge to capitalism, creating a threat to its hegemonic characteristic.

As defined by the government (n.d.), intellectual property is something an individual creates using their ideas, mind, and thoughts. Usually, it is something that can be shared and distributed for free, however, due to capitalist structures, there is a desire for the formal ownership of intellectual property. This usually means placing a limit on the information and what people can do with it. This can include formalities such as trademarks, registered designs, or patents. Without privatizing this information, it is possible to erode property rights and in return, destroy the relationship between wages, work, and profit. The ability for information and intellectual property to reproduce in the form of ‘copy and paste’ erodes profit (Mason. P, 2015), representing a serious challenge to capitalism. The expansion of technology and technological progress can come at the expense of jobs, shaping the labor market, and posing a threat to the sustainability of capitalism. Marx’s idea of alienation, where he argued; that the bourgeoisie exploited the proletariats, to get surplus value to compete with other industrialists, such as through the division of labor, specializing workers through monotonous tasks. Workers then lose the ability to see themselves as the director of their actions and become estranged through the lack of ownership (Drosos, 1996). However, through the presence of technological change, freedom of creativity through Peer Production (PP), creates a threat to capitalism.

Two of the most groundbreaking revolutions in PP were the creation of the General Public License (GPL) in 1984 and secondly, in 1991, a system from which people could voluntarily cooperate on knowledge started via the Linux Kernel. These were the origins of Peer Production and open software, which represented a challenge to capitalism through the freedom of sharing information and intellectual property (Rigi, 2013). Firstly the GPL license allowed for property rights to be all-inclusive, leading to the inability of capitalism to extract rent from knowledge, posing a challenge to its core idea of the ownership of the means of production and their ability to make a profit. Secondly, the invention of the Linux Kernel, allowed volunteers to participate and cooperate freely on the development of software. This extent of cooperation was on a global scale, with the distribution of labor, rather than the division of it. Despite the efficiency of specialization, as set out by Adam Smith in 1776 with the example of a pin factory, the distribution of labor with the Linux Kernel was much bigger and a deterritorialized system, making it a threat to capitalism. Thirdly, the threat of digital technology to produce material objects means that capitalism is greatly under pressure. The previous examples were challenges to capitalism via the internet or online, however, through the process of 3D printing and the aid of algorithms using Computer-Aided Design (CAD), the printer’s nozzle can produce and create objects that are required from it. Despite it being a relatively new technological advance, they are becoming more and more affordable, making it equitable in households with the cheapest printers priced between $200-$500 (Flynt, 2021). With the ability to access open source programming via Peer Production, it would allow individuals to download designs from the internet, apply them to the printer, and fit them to their own needs, all without the requirement for retooling, undermining the need for a market. In addition, with the ability to install and purchase these printers and machines within factories, many roles of workers would be abolished and mechanized, losing labor value across the world. Lastly, capitalism can further be threatened through the promise of basic income; where all adult citizens are given a set amount of money from the government at regular intervals. As technological progress increases productivity, it also threatens people’s jobs and livelihoods, due to mechanization. Therefore, as aforementioned, the ability to have a deterritorialized creative outlet via PP and also to live off of basic income would create ‘flex secure workers’ meaning that people would be able to pursue activities that would be more rewarding, leading to happier, leisurely lives, (Lucarelli and Fumagalli, 2008). This threatens capitalism as it means that a lack of employment income would still allow people to have a fallback safety net, able to sustain themselves in the absence of high wages, and unlikely to be employed in full-time work.

However, it can also be argued that due to the capitalist hegemony of society, any advances in technology, or intellectual property, will be tailored towards, or made for capitalistic purposes. Therefore the extent to which it poses a challenge depends on the ability for capitalism to stay dominant. In addition, despite the freedom of cooperation, many people who work on or contribute to peer production for free, do however have their source of income through wage labor. This is due to the impracticability of surviving without income in a capitalist society. Secondly, it is also difficult for technology to pose a threat to capitalism when certain communities are excluded from access to information. Estimates by the International Telecommunications Union state that approx 51% of the population was able to have access to the internet and get online in 2018 (ITU News, 2018), however the other half of the population, especially in the Global South, are unable to access this growth of new information, leaving a digital divide. This means that the presence of capitalism is not globally threatened. Lastly, despite the development of 3D Printing, the machine is still an item that needs to be built, meaning there will still be a demand for materials and infrastructure. Resources will still be needed to build these machines, contending the argument of the abolishment of labor and the market. Another interesting idea of the hegemony of capitalism comes from David Graeber in his book ‘Bullshit Jobs: The Rise of Pointless Work, and What We Can Do About It’ (2018), he outlines the idea that people work in jobs that are ‘pointless’ despite knowing so, with 40% believing that their job shouldn’t exist (Graeber, 2018, 11). This articulates the idea that, despite the growth of technology, people still decide to participate in capitalistic jobs, despite knowing that it is somewhat meaningless. This therefore casts a shadow of doubt on the argument of people leaving the labour market willingly and surviving merely on basic income and other PP creative outlets. Despite basic income providing people with a safety net, it is still important that people receive income to support their daily lives. The extent and amount of basic income may not be enough to do so therefore, instead of reaching levels of unemployment, capitalism may still thrive under ‘cognitive capitalism’ (Lucarelli and Fumagalli, 2008), capitalism that depends on knowledge and ideas, stabilized by basic income.

To conclude, for technology to become undoubtedly a threat and therefore represent a challenge, it needs to grow beyond its immaterial nature and be able to, not just produce information, but also physical goods and services (which we are starting to see with 3D printing). It is also possible that technology could provide an important gateway for transformation, with the ability to follow Marx’s idea of an eventual revolution. Sharing information via the internet such as the best practices of transformative strategies allows a greater likelihood that the ideas of revolution and change will spread, especially more likely to prevail if it is in alliance with other social movements that are anti-systematic. Due to the hegemonic behavior of capitalism, without these extra pushes, it is unlikely that the growth of technology will completely take over, however, it does pose a great challenge to it.

References:

    1. Drosos, D., 1996. ADAM SMITH AND KARL MARX: ALIENATION IN MARKET SOCIETY. History of Economic Ideas, [online] 4(1), pp.325-351.

 

Global Capitalism Essay

Global Capitalism Essay

Imagine an American fast-food chain. If said fast-food chain were to expand and appeal to foreign markets by opening locations in different states, that would constitute globalization. Globalization is the networking between nations via their many different markets through goods and services, which can include media, immigration, and communication. It is composed of the distribution of things such as products and information across different nation-states across the globe. While globalization may appear to be strengthening the economy through trade, it weakens the nation-state due to its impact on the working class through capitalist globalization.

Globalization is the process in which different states attempt to expand their reach of power (Baylis, John, et al.). Organizations or businesses usually start as regional or national and later expand to become fully international. They operate through the distribution of their products, culture, jobs, and information; allowing them to strengthen their control over the global market. It is an act of distributing a good or service to become more global and to secure more power across different nation-states around the globe. International trade is one of the main components of globalization, which is also frequently associated with capitalism. Globalization has strong economic effects on the working class, especially in capitalist societies where the working class is in a way, perceived as not nearly as “significant” because they ultimately hold the least power.

By distributing different goods and services, whatever they may be, large organizations and companies can make significantly more profit, especially if they utilize trade with other nation-states. International trade allows for the production and distribution of goods, predominantly in states with a very low production cost. This seemingly endorses capitalism, which is a system of production that is privately owned by either companies or individuals rather than by the state. Capitalism is primarily fueled by profit and operates in a free market economy, which is based on the laws of supply and demand. A higher price for a good or service results in a larger amount of supply for said good or service, and the more demand there is for a good or service leads to a higher price (Amadeo). In capitalist economies, the government’s role is to encourage and control the free market. Globalization weakens nation-states because it helps appeal capitalism to the powerful and wealthy, which usually results in increased costs and fewer natural resources for the public.

The working class makes up most of a developed nation’s population, but in capitalist societies, their opinions and rights are essentially brushed aside and put on a standstill as the main incentive for capitalism is profit. Unfortunately, usually, only large companies or the wealthy few can fully experience the benefits of it. Of course, consumers are also given some benefits as they are given the option to freely pick between whichever products they desire (Pettinger). In the case of the working class, there are few opportunities for job advancement.

In an article written by Milojevic, she corroborates the argument by reporting that studies show that these job opportunities and consumer choices are usually given to those who are young and educated (82). Additionally, Milojevic states that women are still expected to provide services that slow the goal of “economic restructuring caused by the extension of global capitalism” (82). Also mentioned is that “the discourse on globalization also presents capitalism as an irresistible force” (Milojevic, 75), further backing the argument regarding the rise of capitalism as a result of globalization. She explains that the world is made up of consumers within different societies who are driven by profit (Milojevic, 75), similar to capitalism where the main driving force behind it is profit. These consumers place more interest in the instantaneous satisfaction of fulfilling their wants and needs (Milojevic, 75). The article mentions that there is an increasing amount of material products and choices for these consumers to fulfill their wants and needs (Milojevic, 75). This ties back into the laws of supply and demand, which is part of the free market that capitalism operates on.

Milojevic then explains that globalization was promoted with the particular goal of creating an economically advanced global society, but is instead taking the route towards an insecure, challenging, and competitive society (75); which is also further backed in a second source which mentions that when there is an increased amount of interdependence of overseas markets; competition between businesses become more intense, there are drastic changes in price and profit, and there is a surge of imitation products (Mourdoukoutas), thus posing a problem to nation-states.

Consider Mainland China, a very capitalistic nation with one of the strongest economies in the world due to its large proportion of exports. Their gross domestic product (GDP) is one of the highest in the world and Mainland China is heavily involved in trading, usually by producing and exporting products. As a capitalist nation, Mainland China is also home to a very large amount of counterfeit products, which are made and sold as a source of quick profit. In 2013, it was reported that over sixty-three percent of all counterfeit goods were produced and sold in Mainland China (“Global Trade in Fake Goods”). This verifies the claim made regarding the rise of imitation products.

Capitalism puts economic power in the hands of the powerful or the wealthy. This results in an injustice for the people as the economy is essentially operating mainly for either large corporations or wealthy individuals rather than the majority. As previously mentioned, the working class makes up most of a developed nation’s population and yet, many people feel that there is injustice in the economy. Of 1600 respondents to a recent poll regarding government-led economic reforms in Britain, over sixty percent of respondents stated that they wanted moderate or radical changes (Inman). This goes to show that many people all across the political spectrum, from Labour voters to Conservative voters, share the same belief that the economy is being run for the benefit of large companies or the wealthy, rather than for the majority.

Therefore, globalization, which in some ways promotes capitalism, leads to wealth inequality. Regarding the perceived economic inequality in Britain, the benefits that come with globalization “can be unfairly skewed towards rich nations or individuals” (Kuepper), potentially causing poorer equity distribution and conflict both within a nation or even internationally.

In the article “Capitalist Globalization: Fatal Flaws and Necessity for Alternatives” by Leslie Sklair, he explains that there is a dire need for some sort of alternative to capitalist globalization because “capitalism cannot provide the conditions for most people on the planet to have satisfying lives” (29); which can be tied back to the case in Britain. It is explicitly stated that capitalism does not benefit the majority, which in the mentioned case, is the working class. These alternatives are methods of action and changes that need to be done to balance out the inequality in the economy.

Sklair mentions that capitalism is rapidly globalizing (30), and as mentioned previously, there are certainly some good that can come from capitalism as it does provide certain benefits. However, it does not benefit everyone and the consequences heavily outweigh the benefits. This further indicates that globalization is weakening the nation-state, especially since capitalism can lead to a monopoly via private ownership in product and labor markets. Private ownership of these markets solidifies the argument about economic inequality for the working class. The working class ultimately suffers as a result of capitalism, as supported by Sklair who states the globalization of economic and social human rights needs to be promoted instead (29).

The article states that the major transnational corporations (TNCs) are the most powerful globalization institutions (Sklair, 31). Their role is to make capitalist globalization the dominant form of globalization and are both run and owned by the transnational capitalist class (TCC), who have very similar interests; which is to spread the idea that capitalism provides happiness on a global scale through consumerism (Sklair, 31). Based on these reports, since these institutions are so powerful and have a goal of promoting capitalism, it can be deduced that globalization is weakening nation-states.

A counter-argument is presented by Martin Wolff who claims that the extent to which globalization can occur is based on what policymakers allow (183). Societies utilize the opportunities caused by economic integration like property rights and personal security, but without the proper legal framework, this becomes less possible (Wolff, 189). Wolff argues that nation-states choose to engage in globalization because of the benefits and that this type of integration emphasizes the flaws and differences between good and bad states. He concludes his argument by stating that globalization is essential and in the future, will be as effective as ever (Wolff, 189).

Wolff claims that policymakers are the ones who control globalization (183). However, in societies where it is the government that controls and encourages the free market, capitalism occurs; leading to economic inequality as the economy continues to operate in ways that benefit the wealthy, especially in the presence of a monopoly. Wolff continues, stating that international institutions contribute to the growth of global integration, but some of these institutions have specific goals and interests. In the case reported in Sklair’s article, these institutions can promote capitalist globalization and therefore weaken the nation-state (31).

Globalization is a powerful tool that can provide many nations with benefits, especially through the usage of international trade as it helps to boost a nation’s economic standing through their GDP. However, the integration of international trade (production, export, and import of goods and services), promotes capitalism, allowing for poor equity distribution for the majority, which is the working class. It leaves wealth and power in the hands of large companies or individuals. While trade is widely believed to be a beneficial aspect of the economy, fueling it is capitalism from which it can be concluded that capitalist globalization is in fact, weakening the nation-state due to its negative impact on the working class. 

Capitalism and Freedom Essay

Capitalism and Freedom Essay

There has been much talk in the last 10 years about changing our market and economy to a socialist economy. I believe this topic is public policy because of the controversy it has started. This is also one of the biggest factors in American life. The market and economy can make or break a life. And in this case many lives. There has been a huge debate about abandoning the Capitalist free market. Many of these suggestions come from the Democrat party and radical leftists. This is fair to be called a public policy because it is incorporated with economic affairs. This is the idea of a “progressive tax system”. I strongly believe no other system is as effective as a capitalist free market. A Free Market, Capitalist Economy trumps any opposing monetary system. According to economist Friedman, Capitalism promotes economic and political freedom. Capitalism promotes a free market economic stability and equality. This additionally branches from the concept of freedom. People can try for what they desire due to this free market, nothing is binding a crew of human beings or keeping anyone down economically, they have identical monetary freedoms. The Foundation for Economic Education claims that Capitalism promotes stability and equality in several ways. Lastly, and very importantly a Capitalist Free Market promotes growth and competition. Not only does the financial system grow from capitalism, but additionally the non-public wealth for oneself. Most of this is due to the financial competition and seeking to be the best. Under different structures, there is a lack of competition, which destroys the American market. Academic Director Berkley Center for Entrepreneurial Studies, states that capitalism promotes growth in more than a few ways to the American market, whether this be technology, businesses, or general monetary growth. Overall, Capitalism is a first-class market, it promotes: Balance and equality, Growth and competition, and economic and political freedom.

According to the University of California “The company who has poor products and excessive fees will consequently be forced to higher their products and lower their fees to reap their intention of earnings mastication.” This proves that competition is critical in a capitalist market because, other corporations will be making the same products, affecting their prices. This is an effect that helps all of us seek happiness. This may affect the enterprise negatively, however, it benefits the consumers or most people. Although there may additionally be bad outcomes for companies and agencies due to competition, most humans in our country are thriving due to lower prices, this lowers the danger of a monopoly or overpriced goods, negatively affecting the American consumer. A capitalist market is a free market or much less Governmental influence. The University of California also explains, that in a Capitalist market, there is less Government influence (Cali). While much less Government effect can also harm a small team of human beings who need Governmental aid, it benefits most of the nation. Getting rid of Governmental interference using removing regulations on businesses, markets, and labor. And helps promote the free market and allows human beings to do with their cash what they please. This lowers taxes on small businesses, permitting small business owners to prosper, which in flip creates more jobs. The Government may also have less “tax money” to help certain people, however this free market benefits many Americans. This capitalist market makes it notably less difficult to earn wealth. This market benefits the high, middle, and low classes, though might also negatively affect some citizens, however, the larger population helps the most and leads to market equilibrium. There are many more opportunities, including many more jobs and chances to invest.

A Capitalist market promotes justice. The definition of justice is “just conduct or treatment”. A way justice is built into capitalism is; in accordance to the National Association of Scholars, “Reward is based on fairness and reciprocity, incentivizing overall performance and inspiring cooperation” (NAS). This indicates that nothing determines pay or whether you get a job or not, the sole component that determines how much money you make is work ethic. NAS additionally states, “Inequality of consequence is inevitable and fair; equity is judged by way of differential success and contribution” (NAS). How you are as an employee and citizen shapes your life. That is the beauty of a free market, with little government influence, you get paid by using how much effort one puts into something, making this fair. It would not be truthful and just, to provide cash to any individual who does not work for it. Competition with others plays a big role as well, as this makes you work harder and strive to be the best. Justice accounts for equal opportunity, and it is given in the capitalist market.

Furthermore, Capitalism promotes Justice in many greater ways. Similarly, it creates equal possibility and determines who flourishes based totally on the force of that person. But in a capitalist market, no one is bound down. According to the NAS“Equality of chance is determined by the diversity of discovered competencies and legal equality (prohibiting prejudice and discrimination)” (NAS). This shows that capitalism promotes justice when it comes to diverse races. No race is treated differently or given extra opportunities due to skin color. Everyone is given the chance to get the job they want, solely according to their non-public skills. Capitalism promotes “just cure or behavior” to the American citizens.

Political and Economic Freedom

Capitalism promotes political and economic freedom like no opposing economic system can or ever will. Capitalism does this in many ways, in a capitalist, free market one is free to vote and do as they please and seek liberty, freedom, and the pursuit of happiness (Friedman). Capitalism additionally promotes economic freedom using having much fewer regulations, on people and fewer taxes, permitting citizens to have extra money. Plus, in a free market citizens can invest in what they want, when they want.

Political Freedom is one of the best benefits of a capitalist market. Economist Milton Friedman states, “Political freedom capability the absence of coercion of a man by his fellow men. The necessary danger to freedom is energy to coerce, be it in the hands of a monarch, a dictator, an oligarchy, or a temporary majority…By removing the employer of economic recreation from the management of political authority, the market eliminates this source of coercive power. It allows monetary power to be a test to political electricity as a substitute than a reinforcement” (Friedman). This proves that capitalism is the first-class preference for political freedom. People residing beneath a free market have much fewer restrictions and fewer authorities have an impact on them, better recognized as a small government or a capitalist economic system. Fewer regulations on one create greater political freedom for oneself and more individual rights.

Next and most importantly, capitalism promotes monetary freedom. The Foundation for Economic Education states, ‘“the enterprise of the bulk of economic endeavor through non-public business enterprise working in a free market — as a gadget of financial freedom and an essential situation for political freedom.’ This is one of the outstanding reasons why capitalism is an exceptional market. Many different markets no longer promote economic freedom like capitalism does” (FEE). This indicates that a free market promotes financial freedom. As mentioned using the Business Dictionary, “The freedom to prosper inside a country without intervention from authorities or monetary authority. Individuals are free to invest and guard his/her human resources, labor, and non-public property”. Capitalism promotes each factor of “economic freedom”. In a capitalist market, the biggest aspects are fewer regulations and authority, which in short, allows for the freedom of individuals.

Balance and Equality

Capitalism promotes stability and equality like no other market can. According to the Foundation for Economic Education, “The reality is, that material benefits loved in the previous only through the superrich are, in today’s capitalist societies, enjoyed by almost everyone. This undeniable reality demolishes accusations that capitalism creates inequality” (FEE). This ability that all of us have materials that solely prosperous human beings may only had in the past, shows the equilibrium of capitalism. For example, most people have materialistic belongings, due to a free market, permitting less expensive goods and greater income. Many human beings will argue that the rich will solely get richer and the poor will get poorer. This thought is false, the wealthy work for what they have, and their personality and work ethic brought them to where they are, and they must keep going on a fantastic trail to maintain what they earned. (FEE) The poor will not get poorer in a capitalist free market. This is due fully to the reality that not one character is bound down by regulations and can invest get an education and live the American dream. Capitalism provides the right to the American Dream (FEE). Everyone is given identical freedoms and has to work for what they want, it is never just given to any of us in a free market. Capitalism is a great market to decrease poverty and create balance and equality, due to the fact there are extra jobs available and higher wage jobs due to fewer regulations on businesses and small businesses. Consumers can get merchandise at fair pricing to survive.

Growth and Competition

A free market promotes market growth and competition in various ways. When it comes to capitalism there is greater economic freedom, permitting more humans to begin a business and have an increased chance at success. This encourages competition and that advantages the American consumer in thousands of ways. The extra investing and spending being executed the greater our country grows, and our financial system thrives. If it was not for growth and competition, the United States in no way would have been a profitable economic system or even have any profitable businesses.

One of the most important components of capitalism is growth. A free market promotes an economic boom in many ways. According to professor of political economic system Emily C. Skarbek, “In the common United States of America that became extra capitalist over the ultimate 25 years, the average citizen won a 43% enlarge in income, almost half of a decade in life expectancy, and a 2-year expand in the common years of schooling. In my lifetime alone, freer markets have elevated the lives of billions of human beings from all walks of life” (Skarbek). This proves that a free market helps economic increase plus growth for the citizens of America. A large reason why capitalism promotes growth is due to the fact of basic standards of competition, efficiency, private property, and free market. When there is a free market with no authorities, more humans are inclined to invest. The more humans who invest, the more money that goes to the country and economy. Plus, with fewer government guidelines there is a decrease in taxes on everything, which means more money in the citizens’ pockets, which is an ideal equation for investing. For evidence of this, all one needs to do is look at our economic system currently or our GDP. Under President Trump, he has removed many regulations on groups and we have the leading Gross Domestic Product. This brings millions on millions of jobs into the United States. As we are importing less goods and beginning to export way more.

The largest factor in any high-quality society or economy is competition. Capitalism promotes opposition in many ways. One way it does this is using making humans compete with others for jobs, making people work tougher and smarter. Without private competition no one thrives to be the best, nobody is hungry for success. Competition, either makes or breaks people, however, it does convey the best in an individual and a working society. Most importantly, the opposition is really useful for the American consumer. If it was not for competition between businesses, a product ought to be marked ridiculously high. In a free market, businesses can solely thrive if they are producing good products, at a fair price. This is what makes buyers receive exact products for a sensible price. Especially when groups are competing to thrive, they no longer simply compete with the quality of items but also prices. It is more difficult for an enterprise to turn out to be a monopoly because if a business enterprise is asking an awful lot for their merchandise a consumer could turn somewhere else for a similar product for a more cost-effective deal. (Albert).

In conclusion, capitalism is a fine financial machine and has many high-quality effects. Capitalism promotes many vital aspects including: Balance and equality, Growth and competition, and monetary and political freedom. Balance and equality are promoted in a variety of methods in a free market and this promotes justice as well. Justice is the notion of equal treatment, and in a free market not one person is bound down through laws, all have the same rights to prosper. Growth and opposition are very important factors in a profitable economy, and these are some of the biggest components of capitalism. Lastly, a free market and less government promotes monetary and political freedom which is crucial in a free world like America. Capitalism promotes freedom and private rights and permits the pursuit of happiness. Research has shown that international locations that have applied capitalism have come out of poverty and prospered. Capitalism trumps every economic system, fully because of these aspects, but also many more. My opinion on Capitalism Is I believe this research and proof and strongly stand in the back of it. I trust this is a fine system. I selected this Public policy due to the fact it is a huge debate today. Many politicians believe socialism is a good replacement for capitalism, however, socialism is flawed. All it is is wealth redistribution and this kills competition and the economy. Socialism in many activities has gone radical left and it turned into communism on occasions due to the fact it gives the government greater power. No society has ever thrived from a 100 percent socialist system, and a perfect instance nowadays is Venezuela and other socialist countries. Their poverty rates are through the roof and they are broke.

Bibliography

    1. Boudreaux, Donald J. “Equality and Capitalism | Donald J. Boudreaux.” FEE, Foundation for Economic Education, 1 Sept. 2002, fee.org/articles/equality-and-capitalism/#menu.
    2. Friedman, Milton. ‘Capitalism and Freedom.’ Fortieth Edition. Chicago: University of Chicago Press, 2009. 228. print
    3. Leeson, Peter. Forthcoming. Two Cheers for Capitalism? Society.
    4. Shleifer, Andrei. 2009. The Age of Milton Freedman. Journal of Economic Literature
    5. Moving Forward: Programme for a Participatory Economy Michael Albert, (2000)
    6. [2] Interview with Brian Lamb, on Booknotes C-SPAN, 1994-11-13.
    7. Ordering America: Fulfilling the Ideals of Western Civilization (2010) and Centering America: Resurrecting the Local Progressive Ideal (2002).
    8. The Utilitarian Argument of Capitalism. (2017, Oct 23). Retrieved from https://paperap.com/paper-on-the-utilitarian-argument-of-capitalism/
    9. economic freedom. BusinessDictionary.com. WebFinance, Inc. December 03, 2018 

Essay on Unregulated Capitalism

Essay on Unregulated Capitalism

Capitalism is defined as an economic system in which the government has no say in what happens in the country and the people in charge are a few business people who own the country’s land, means of production and the resources of that country. Since the country’s means of production are owned privately this then means that only a few people benefit (get richer), only a few people can sustain their livelihoods while the rest scrapes off the bottom in poverty because of this system which seems to benefit a few. ( Schweickart,2011)

Many have argued against capitalism saying that this economic system focuses only on the exploitation of the labor of the working class and keeping all the benefits and profits. It was also established that it placed importance on profit rather than social good, raw materials of the country, and taking care of the environment, and in a way it seeks to enforce inequality, and corruption and to make the economy unstable. It did all of this to try to keep other people from benefitting in the economy and to benefit a few people. Others have said it is influenced by people competing for the same products and new creations. It gives off wealth to people who have wealth and who can reinvest in businesses and this economic system does not seek the working class but only to steal its labor and pay them back in promises of a better future. (Sklair, 2003)

State capitalism is where the country is run by a political system, politicians, ministers, and all heads of state run the country and they run all the means of production, the labor force, and labor wage. It is a financial type of system wherein the state embraces business and business monetary action (for example for-benefit) and where the methods for creation are coordinated and overseen as state-claimed undertakings (counting the cycles of capital aggregation, incorporated administration, and compensation work), or where there is generally a predominance of corporatized government offices (organizations coordinated along business-the board rehearses) or of public organizations, for example, freely recorded companies in which the state has controlling offers.

State capitalism is one where the public authority controls the economy and acts like a solitary tremendous enterprise, extricating the overflow an incentive from the labor force to put it in additional creation. State capitalism is also known as recognized from industrialist blended economies where the state intercedes in business sectors to address market disappointments or to build up social guidelines or social government assistance arrangements in the accompanying manner: the state works organizations to aggregate capital and coordinate interest in the structure of either an unregulated economy or a blended market economy. In such a framework, administrative capacities and public administrations are frequently coordinated as partnerships, organizations, or business undertakings.

Industrial capitalism is a method of creation comprising of enormous, halfway controlled gatherings of capital used to fund the methods for the creation of wares bound for the market, utilizing to a great extent wage–work, and portrayed by huge scope creation, collection, and restricted private proprietorship.

Industrial capitalism is a framework both social and monetary whereby industry and assets are possessed by not many for benefit. In this industrialist framework methods for creation were exclusive. America saw the development of Industrial private enterprise in the late nineteenth century and mid-twentieth century. In any industrialist state, property is exclusive and is ensured by the incomparable law of that state. Consequently, in the ascent of mechanical free enterprise, we are taking a gander at the beginning of when people in the general public began securing property secretly.

The ascent of modern capitalization was because of five primary view focuses which include: obvious utilization, extraordinary syndication, logical administration, and distinction in expectations for everyday comforts. As indicated by Thorstein Veblen in his prominent utilization hypothesis the ascent of modern capitalization was because of abundance aggregation to a couple of individuals, in this way the well-off grew more in capacity and design because of approaching more merchandise and ventures. In this way there emerged a distinction in class structure. This was additionally improved through the legacy of riches and the legacy of politeness. With the legacy of politeness came the legacy of compulsory relaxation. Accordingly, the individuals who were brought into the world rich outclassed the others brought into the world in less well-off families hence the unfortunate were brought into the world in helpless families turned into the workers of their masters. In this case, raising the stepping stool from the lower level to the undeniable level could require many years of years if not hundreds of years. This thus came about into an inconsistent state. This is alluded to as feudalism that brought expanded ‘essential aggregation’ of assets or venture capital.

Mixed capitalism is differently characterized as a monetary framework mixing components of a market economy with components of an arranged economy, unregulated economies with state interventionism, or private endeavors with the public undertaking. Mixed capitalist framework we will see an assortment of public authority and private control, it resembles the mix of communism and still existing capitalism in its control. The drawback of a mixed economy is that it is a half-house. A mixed economy isn’t useful in the access-ideal utilization of public assets. Other than that, a blended economy likewise experiences the burden of both private enterprise and communism. A blended economy is rarely said to accomplish progress. A blended economy additionally has ineffective guidelines that may incapacitate highlights of creation. Mixed capitalism likewise has an issue, for example, the absence of value controls for the executives can cause a deficiency in products and this can bring about a downturn.

One of the examples is the expanding interconnectedness and, therefore, the developing weakness of African social orders to abuse, mastery, and control. There are a few instances of this in Africa, including jobless development (which is presently coming to emergency extents in numerous nations, see ECA 2016), expanding instability as to monetary and capital streams, and the developing reliance on unfamiliar capital. All these elements are intervened through worldwide industrialist relations and circuits of aggregation (see Patnaik 2016) and have prompted a critical change in African social orders, mirroring the key rationale of private enterprise. The other model is the continuous marvel of fast urbanization, which in a few quarters has been connected to what in particular is currently called ‘Africa’s industrialist transformation’ (see Kapstein 2009). The urbanization marvel has brought the topic of work in Africa into sharp concentration as more individuals are moving to metropolitan territories that can’t discover wage business; the greater part of them work in the independently employed casual area (ECA 2016). Also, presently, the issue is not, at this point such a great amount about the metropolitan and the rustic aberrations, yet, the metropolitan area is progressively showing stressing levels of lopsidedness. Here we are seeing noticeable highlights of an entrepreneur society with a developing ‘save a multitude of Work.

The third example concerning entrepreneur relations in Africa is the excitement and obvious obligation to advance unfamiliar direct ventures. Presently, most African governments are contending with one another in the distraught race to show up speculators well-disposed at any cost (see Kapstein 2009). The simplicity of working together overview led by the World Bank each year has now made a rush among African governments in the tussle to guarantee the best position on the financial specialist amicable graph. The expression is ‘Africa is just getting started’, and there is each exertion made to make it simple for unfamiliar financial specialists through the formation of ‘one-stop business parks’ and the forgoing of visa necessities, unfamiliar trade controls, and exchange guidelines.

As it has been noticed, ‘While the drained mechanical countries of the West are nationalizing their banks also, captivating in different types of protectionism, Africa stays just getting started – advancing [free] exchange, unfamiliar direct speculation, and homegrown business’ (Kapstein 2009, 119). This has fortified the statement that African nations are presently more entrepreneurs than modern nations. Here we see African states frequently in union with funding to advance unfamiliar ventures and improvement, and again this is an ordinary highlight of an industrialist society where the state is situated to serve the interests of global capital, on this occasion.

The other basic change we have seen in most African social orders is the development of credit and the development of money capital. Even though this is as yet not far-reaching in most nations, there are various nations where credit and recruit buy offices have been growing quickly, focusing on the 10% of those in compensation work and a small extent of the individuals who own practical organizations. The development of the credit area is gradually changing social relations in African social orders in extremely critical ways including adjusting family relations and standards. A remarkable impact this is having on social orders in Africa is the diminished capacity to give help to family members past the family unit, particularly for the common laborers, whose space to help relatives is just barely gotten by the slave-like credit conditions. Once more, this is a component that generally portrays industrialist social orders. (Alavi, 1982)

Reference list

    1. Alavi, Hamza. 1982. “The Structure of Peripheral Capitalism.” An Introduction to the Sociology of Development Societies, edited by H. Alavi and T. Shanin, 172–194. New York: Monthly Review Press.
    2. Amin, Samir. 1972. “Underdevelopment and Dependence in Black Africa: Historical Origin.” Journal of Peace Research 9 (2): 105–119.
    3. Arrighi, Giovanni. 2002. “The African Crisis: World Systemic and Regional Aspects.” New Left Review 15: 5–36.
    4. Sklair, L., 2002. Capitalism and its alternatives (Vol. 65). Oxford: Oxford University Press.
    5. Schweickart, D., 2011. After capitalism. Rowman

Why Capitalism Beats Socialism Essay

Why Capitalism Beats Socialism Essay

Capitalism creates growth, prosperity, and jubilance, and is by far the best economic system. Throughout history, economic systems have changed for the betterment of the world or the advancement of corrupt wealthy politicians. Capitalist ideology supports ideas such as growth and prosperity. Capitalism is set up so that there poor can become wealthy, as well as the wealthy can become poor in certain cases. These reasons all point to the fact that the cold-blooded ideology of Socialism and Communism is no match for Capitalism.

Capitalism is both an economic, and political system, in which trade and industry are controlled by private owners for profit. This form of capitalism is recorded back to the seventeenth century but didn’t become well-known until the era of Adam Smith, capitalism’s founding father. Adam Smith is an eighteenth-century philosopher and economist. Adam Smith was the creator of the all-famous Wealth of Nations and created strict written laws about Capitalism. Adam Smith’s philosophy and writing are commonly tied to the modern-day capitalism we know today.

March 9th, 1776, the day the Wealth of Nations was published. This document is such an important part of Capitalism, that many may argue that it’s even more important than the Declaration of Independence, also written in 1776. The Wealth of Nations is based on self-interest. Smith defines the term self-interest as looking out for yourself and looking out for yourself can and will result in prosperity. Little government intervention, or laissez-faire, is vital to Smith’s statement about self-interest creating prosperity. In the web article “Adam Smith and the Wealth of Nations,” the author states, “Smith believed humans ultimately promote public interest through their everyday economic choices.” This means that doing something as simple as simple as buying food at a store will support your economy. Supporting your economy by purchasing everyday needs is one thing socialism and communism can’t offer, this is a big reason I believe capitalism is the best economic system.

Capitalism has not changed much over the years. Countries such as the U.S., Canada, Germany, and Japan all have capitalistic governments and continue to thrive from the day capitalism was introduced to them. This shows consistency in this form of economy. The U.S. has become one of the most wealthy nations in the world because of this consistency. Throughout history we have had little economic failure, yes, we do have our ups and downs, but the way our economy is set up gets us through them just fine. Government should rarely have to intervene in economic matters, but when they do, it’s for reasons such as helping businesses increase essentials like raw materials and selling prices, stopping monopolies, enforcing price ceilings and price floors, and overlooking trade deals. Governments generally intervene in these examples to make sure their country gets the most out of capitalism. Under capitalism, there is a great number of entrepreneurs opening small businesses. Small businesses are always going to have a big impact on the economy, after all, to become a big business you have to start small first. Starting a small business under capitalism is how many millionaires today got to where they are now. Since the ownership of businesses is private, the government does not make money off the business or the people who own them. This allows businesses to grow physically, start chains, and make more money. Businesses like Walmart, Target, and McDonald’s all started small but became big with the help of capitalism. Outside of businesses, people can become wealthy and live a comfortable life by working. Under capitalism, workers can work for competitive prices whether they have a college degree or not. Many jobs such as working at restaurants and grocery stores do not require degrees, and many people can make a living off of working these jobs. If you decide to go to college and get a degree in a certain subject, you can get a job based on what you went to college for. Many jobs that require a college degree are high-paying, and offer benefits and different types of insurance. Working under a capitalistic system is what most people opt to do, but it has been proven that it works and helps the economy. Small businesses, workers, and consistency are a major part of the growth of countries under Capitalism. All of these reasons show why I am proud to be a Capitalist.

Like Capitalism, Socialism is a political and economic system. Business ownership under a Socialism based economic system results in businesses almost always being owned under public, instead of private, ownership. The Socialist viewpoint is that everyone’s job is considered equal, and if you are a part of making a product, you have to share it. This shows that under a Socialist economy, you have to rely on your fellow human beings to do their job so food will be on your table tonight. That being said, society and government are completely in control of businesses and are in charge of taking care of each person. This is why Socialism is considered the complete opposite of Capitalism.

Socialism was created around the year 1948. Karl Marx, a famous prussian philosopher, is accredited to the creation of socialism. His book, the Communist Manifesto, talks about and sets clear rules within Communism and Socialism. Communism, like Socialism and Capitalism, is a political and economic system. During Karl Marx’s early adult life, he was a prolonged Socialist who always supported early European Socialism. It was when Karl Marx moved to Paris France that turned him into a communist. He described communism as “utterly crude and intelligent,” as stated in “Karl Marx German Philosopher from Encyclopedia Britannica.” Karl Marx stated that Socialism and Communism are bad, but was simply moved by their characteristics. That statement shows that if the founding father of communism, and a socialist supporter think they are bad, those economic systems must be bad.

Major countries that run under Socialism include China, Cuba, Vietnam, and North Korea. All of these countries have had recent hardships due to Socialism. China is facing major problems such as pollution, big losses in natural resources, and sanitation problems. These problems are due to the governing body of China not caring about their people, and only caring about money. This is typical for governments with a Socialist leader and economy. Vietnam since the Vietnam War has, been and still is facing violent disagreements between its citizens. This is due to many citizens disagreeing with their socialist policies. Recently Cuba elected a new president and is no longer ruled by communists. This is because Cuba was facing harsh human rights problems and trade embargoes. Now Cuba is considered a Socialist State and is currently fixing problems within the country. North Korea is a prime example of why Socialism is bad. North Korea’s economy is getting worse by the day and continuously getting closer to Communism. North Korea struggles to keep power on, feed, and protect its citizens. North Korea’s current ruler Kim Jong Un seems to threaten any country that disagrees with his beliefs. These are all prime examples of what happens in a Socialist country.

Socialism hasn’t changed much from its early roots. Throughout the years countries have slowly begun to realize that socialism isn’t the way to go. I know this because an ever-increasing number of countries have switched from Socialism to Capitalism. Socialism is beginning to be no match to capitalism due to a lack of rights, private ownership, and pure government control. The incentives to live in a Socialist economy are also very low. Spending money to go to a University to become a doctor, vs. going to university to become a teacher isn’t worth it. This is because doctors and teachers will be making around the same amount of money even though doctors most likely had to put in more money and work. Unless you are a high-up government official or the family of a high-up government official, Socialism will most likely not treat you very well. Socialism has many flaws and is much more inconsistent than Capitalism.

Socialism has a more extreme form known as Communism. Communist advocates describe Communism as a more advanced form of Socialism. The main difference between Communism and Socialism is that Communism has no personal property, no class system, and no government control. Generally, one person leads a Communist state, and the government is just an advisor to that leader. Thrust Communism in its true form is comparable to, and a lot like a dictatorship. Just like a dictatorship, Communist nations pretty much always fail.

There are currently no countries with a complete Communist government and economy. Most people do consider Socialist countries such as Cuba, North Korea, and Vietnam Communists, they have mixed traits from Capitalism, Socialism, and Communism. The main examples of Communist countries are the Soviet Union, which is now Russia, and Germany. Germany and the Soviet Union both reached their highest point of power around WWII. They both grew massive militaries, scared many nations to side with them, and controlled the trade routes and economies of other countries. Throughout Germany and the Soviet Union’s history under communism, we saw their citizens suffering from starvation and poor living conditions, mass genocide due to race and other characteristics, and huge wars starting around the world. As these two Communist nations continued to grow even more in terms of military and land, which was violently taken from other countries, massive war broke out. Countries such as the U.S. and Great Britain had to put their foot down and end communism. Long story short, Germany’s leader Adolf Hitler was killed, which put an end to Germany’s Communist Reich, and the Soviet Union’s leader Joseph Stalond fell shortly after that along with the Soviet Union as a whole.

Adolf Hitler was a huge Communist practitioner and perhaps the most well-known “bad guy” in history. Hitler fought in WWI for Germany. After the war, he started an activist group against the German-Austrian government. His so-called group called Nazis were against the German-Austrian government and were protesting because they believed Germany is the dominant nation in the world, and should fight to restore their once great German nation. Hitler’s small group of Nazis were in the middle of a protest when many of them were shot and killed, or imprisoned. During Hitler’s imprisonment, he wrote a book called Mein Kampf, which means My Fight in English. Mein Kampf was split into two main volumes, the first volume was written while Adolf Hitler was imprisoned, and the second was written after his imprisonment. Mein Kampf is a harsh and some say evil book. It is known to show the truth behind the twisted minds of Communists. Phrases from Mein Kampf like “The scream of the twelve-inch shrapnel is more penetrating than the hiss from a thousand Jewish newspaper vipers. Therefore let them go on with their hissing,” and “Only the Jew knew that by an able and persistent use of propaganda heaven itself can be presented to the people as if it were hell and, vice versa, the most miserable kind of life can be presented as if it were paradise. The Jew knew this and acted accordingly. But the German, or rather his Government, did not have the slightest suspicion of it. During the War, the heaviest of penalties had to be paid for that ignorance.” These statements truly show the evil side of Communists and their point of view.  

Argumentative Essay: Can Capitalist Dominance Be Challenged

Argumentative Essay: Can Capitalist Dominance Be Challenged

The state of ‘post-politics’, whereby society is characterised by political apathy and a lack of substantial political change, is often portrayed as having transpired concurrently with the trend of rising global consumerism. Indeed, many academics argue that capitalist domination has been irreversibly strengthened through a culture of excessive consumption that intrinsically reinforces hegemonic power (Briggs, 2012; Dean, 2009; Rushkoff and Griffith, 1999). While forms of traditional political participation such as voting or party membership have steadily declined, these conventional types have been replaced by new methods of challenging capitalist ideology. Most notably, an increase in the number and membership of social movements has demonstrated how citizen-consumers seek alternative tactics for resisting hegemony that operate outside of the formal political system. In contemporary capitalist societies, social movements have exercised political consumerism and ethical consumption in protest, expanding the bounds of consumerism. The concept of empowered consumers further allows for the reconceptualisation of consumerism as a new opportunity for political resistance as post-politics has replaced citizen’s political power with consumer power. This essay will examine two case studies of social movements, Extinction Rebellion in the UK and Estadillo Social in Chile, identifying how political consumerism has been used to challenge capitalist dominance in both cities.

The idea that capitalist dominance can no longer be challenged originates from a wider notion of the post-political society. Led primarily by political philosophers in the late twentieth century, the concept of post-politics emerged following the fall of the Berlin wall and subsequent dissolution of the USSR which prescribed a new politics of consensus, a post-ideological state of agreement between nations and within political landscapes. Post-political theorists are highly critical of this state, arguing that it is highly exclusionary of minority groups, unproductive and narrows the political agenda (Rancière, 1998). Post-politics is fundamentally conceptualised as a platform for hegemonic power and can be best operationalised through four defining characteristics.

(1) In a post-political nation, capitalist liberal democracy is depicted as the culmination of all previous ideological discourse, debate and conflict; it is mutually understood that all previous modes of governance have ubiquitously failed and thus capitalism prevails as the solely feasible system. Fukuyama (1989: 3) famously asserted that we have reached “the end of history” after the twentieth-century defeats of fascism, communism and Marxism largely by Western capitalist nations dictated the barefaced victory of liberalism. The post-political society has thus unequivocally concluded that free-market capitalism, under the jurisdiction of liberal democracy, is the pre-eminent political mode of governance (Millington, 2016). This consensus disempowers democratic proposals that seek alternative political realities, strengthening capitalist domination.

(2) Post-politics notably requires left-wing politicians and mainstream political thinkers to have surrendered to capitalism as the optimal economic system, discrediting communist or socialist conceptualisations that suggest an alternative distribution of wealth (Badiou, 2012; Dean, 2009). This is essential to sustaining the false consciousness of the post-political society which portrays wage inequality and extreme economic disparity as meritocratic and natural.

(3) Post-politics is claimed to represent the end of ‘real’ politics through avoiding productive debate or substantive decisions. Discourse is deliberately shaped to lack obligation or political salience, ensuring that consequential division is circumvented (Millington, 2016). Participatory governance maintains the illusion of plurality, while any significant change is suppressed through bureaucratic administration that blocks definitive, irrevocable decisions (Swyngedouw 2009).

(4) Political apathy is a central characteristic of the post-political, that is, declining engagement with traditional institutions of collective political participation such as elections and party politics. DeLuca’s (1995: 134) conceptualisation of “political subordination” is important here, denoting the creation of apathy whereby the policy agenda is so narrow that politics is reduced to self-sustaining mechanisms of bureaucracy. The rigidity of post-political modes of governance blurs the distinctions between political parties, discouraging citizens from engaging with electoral democracy due to a belief that parties are unrepresentative, unproductive and largely homogeneous (Sloam, 2007). Thus, in post-politics, capitalist dominance remains unchallenged within formal polity structures.

Concurrently with theories of the post-political, several academics argue that political participation has been largely replaced by wider engagement with mass consumerism (Sklair, 2002; Swyngedouw, 2014). While consumerism can be neutrally operationalised as a global trend denoting the increased purchasing of non-essential items and adoption of shopping as a leisure activity, consumerism is often understood in social theory as an ideology fundamentally based in embedding transaction between capitalist hegemons and citizen-consumers in normative social relations (Gilbert, 2008). Consumerism has only developed in a modern context of globalisation as its dominance requires internationally imported materials, creating a surplus of products which can exclusively be accessed by an inequitably small fraction of the global population. Commodification and commercialisation are present in every aspect of social life, thus creating a societal paradigm which dictates that we must continuously consume to be truly alive.

The displacement of political participation through consumerism works to strengthen capitalist dominance as limitless consumption reinforces capitalist ideological control. The economic rhetoric of capitalism is reliant on the consumerist rationalisation of capitalist accumulation as the demand for rapid consumption stimulates the expeditious manufacture of goods to meet this demand, and the subsequent profiteering by those who own the means of production (Sklair, 2002). Consumerism is thus not simply descriptive of the state of economic affairs as is often presented in business literature; rather a method of social control specifically targeted at the working and middle classes to ensure that a state of passivity is maintained and capitalism is not questioned (Briggs, 2012; Winlow and Hall, 2011). Further studies exemplify how coercion through marketing is used to remove the ability to make rational decisions, while political or revolutionary imagery is appropriated in advertising as another method of encouraging consumption and neutralising the challenge to capitalism this imagery poses (Rushkoff and Griffith, 1999; Frank, 1997).

Consumerism has come to be understood as a fundamental feature of post-politics, conceptualising political apathy as a deliberate product of consumerism. The objective of politics is to ensure that the conditions for consuming are maintained, often through political inactivity or “non-decision making”, denoting how politicians and policymakers tactically limit the scope of the policy agenda to largely anodyne issues, avoiding debates on the issues of inequality that arise from capitalism (Bachrach and Baratz, 1962; 1963). Even elections are repurposed under consumerist post-politics, as voting is reduced to another consumer decision aimed at naming citizens’ elected executives of capitalist inevitability (Swyngedouw, 2014). Through these understandings of the post-political, consumerist society, the statement that capitalist dominance cannot be challenged seems veracious, and ruling class hegemony appears uncontested.

Although the global trend of decreasing engagement with electoral systems appears to support the post-political state of apathy (Ferrini, 2012), it is actually exemplary of an increase in new arenas of political resistance, namely social movements. As traditional political engagement has decreased, the “mobilisation potential” (Klandermans and Oegema, 1987: 519) of social movements has been driven by a growing public disposition to participate in alternative methods of ideological contest (Barnes and Kaase, 1979). Across the past decade, social movements have demonstrated the significant power of non-traditional political engagement, in particular, Turkey’s Gezi Park movement in 2013 which saw the participation of around 12% of the country’s population (Della Porta, 2020: 557); various movements of the 2011-12 Arab Spring, notably Egypt and the resulting overthrow of Mubarak’s regime (Oh, Eom. and Rao, 2015); Movimiento 15-M, where millions protested against Spanish austerity measures (Castañeda, 2012), and the more recent Black Lives Matter movement, one of the largest movements in US history in which an estimated 15-26 million Americans have joined country-wide protests against police brutality and racism (Buchanan, Bui and Patel, 2020). Social movements act as a response to the increasing mistrust of political institutions in the post-political sphere, providing an alternative avenue for opposition to capitalism. These movements have specific objectives and motivation to achieve substantive change, a stark contrast from the perceived homogeneity of political parties and lack of commitment in traditional methods of participation that characterise post-politics. The effective mobilisation and mass participation in social movements thus demonstrate that the authority of post-politics is not categorically definitive, and that capitalist dominance can indeed be challenged outside of formal polity structures.

Similarly, the popularisation of political consumerism has arrived in response to the power of consumerism in the post-political society. New forms of political resistance and thinking have been developed that extend the boundaries of consumerism, repurposing consumer power to challenge capitalist dominance. Millington (2016: 713) contends that “immersion in consumer society does not preclude the development of politicised forms of consciousness”, pointing out how citizens can simultaneously exist as consumers and also engage with anti-capitalist ideology. Ethical consumerism serves as an example of consumer activism, advocating the consumption of goods which are manufactured in line with political and environmental objectives such as sustainable sourcing of materials (McMurtry, 1998). While the rise of consumerism has reduced conventional forms of political power for many citizens, the use of political consumerism demonstrates the reappropriation of consumer power as political power by citizen-consumers. As consumerism has created a new arena of capitalist resistance based in purchaser power, political consumerism can be understood as a method of political engagement that transfers political agency from conventional polity structures to the consumer market (Monticelli and Della Porta, 2018). Social movements have increasingly utilised consumer-based protest in activism and lobbying (Barnett, Clarke and Cloke, 2005), using tactics of boycotting and buycotting (Copeland, 2014: 173) as a deliberate exercise of consumer power to challenge capitalist dominance. In the last 20 years, ethical consumption has increased fourfold, signifying the power of political consumerism as a persistent movement in consumer behaviour (Smithers, 2019). The creation of “empowered consumers” (Kyroglou and Henn, 2017: 1) through the reappropriation of consumer power as political power has acted as an effective response to the post-political society and depoliticising nature of free-market capitalism.

The increase in expansive social movements and their use of political consumerism demonstrates an evolution of strategic opposition to the dominance of post-political capitalism. To demonstrate how social movements have challenged capitalist dominance in contemporary societies, we shall examine two case studies of social movements: Extinction Rebellion in the UK, and ES in Chile.

With voter turnout falling from an average of 79% in the 1950s to 58% in the 2000s (Ferrini, 2012), the UK is an exemplary post-political society. The Hansard Society’s (2019: 6) recent audit on political engagement found that 47% of respondents felt that they had no influence over national decision-making, the highest figure the Audit has recorded, while party membership between 1950 and 2015 has fallen from 3 million to 150,000 for the Conservative Party, and from 1 million to 270,000 for the Labour Party (Democratic Audit, 2015). Consumerism is also prevalent in the country, as the 1980s saw a sharp increase in consumption expenditure (Attanasio and Weber, 1994), a figure which has since increased by 115% between 1985 and 2015 (Harari, 2016). The UK, however, serves as an apt example of a contemporary society where anti-capitalist resistance has maintained a strong presence through alternative methods of engagement such as social movements and political consumerism. Extinction Rebellion, an environmentalist social movement of 650 groups spanning 45 countries (Gunningham, 2019: 198), has used nonviolent civil disobedience to take control of infrastructure, occupying several areas of major cities and blocking access to environmentally destructive retailers to draw government attention to climate issues. Taylor and Gayle (2018) described Extinction Rebellion’s actions in 2018 as ‘one of the biggest acts of peaceful civil disobedience in the UK in decades’, highlighting the popularity of the modern tactics of the movement in place of traditional political participation. XR is known to promote ethical consumption as part of their climate agenda and have further engaged in political consumerism through boycotts of Black Friday and fast fashion (Extinction Rebellion, 2019; 2020). The work of Extinction Rebellion in London thus demonstrates how conventional political participation remains capitalist-dominated, yet the forms of consumer interaction which have replaced this type of participation are aimed at reducing capitalist power and achieving political targets. Empowered consumers collectively mobilised to employ their political agency through purchaser power and subsequently sanction capitalist manufacturers who fail to ascribe to their ideological objectives, thus challenging capitalist dominance in the political economy.

Chile is equally understood to embody the post-political society; with a high level of political apathy, the 2017 election saw a turnout of only 46.7%. (Electoral Service, 2017). Propagated on a national scale, political apathy in the country has begotten a generation of politicians that are increasingly alienated from their constituents (Heiss, 2017). The rising political disinterest in Chile has coincided with the country’s subjugation to consumerism observed by a myriad of academics (Moulian, 1998; Tironi, 2002; Halpern, 2002), owing largely to an increase in the availability of credit for Chilean citizens (UNDP, 1998; van Bavel and Sell-Trujillo, 2003). Silva (2004) contends that the arrival of consumerism in Chile has pacified the population and diminished the disposition of citizens to engage with formal democratic processes and political parties. Although Chilean citizens have neglected to engage with traditional polity structures, the Santiago-based social movement Estadillo Social has demonstrated the power of citizens to form alternative forms of collective opposition to capitalist dominance. Protests began as a fare evasion campaign by students in response to a price increase for the Santiago Metro’s subway, however, developed further into issues around the extreme cost of living, privatisation and inequality in a country with the third-highest income inequality in the 30 OECD nations (OECD, 2020). The contrast between Chile’s strong economic performance (Paredes, Iturra and Lufin, 2016) and status as “one of the most unequal countries in Latin America” (McGowan, 2019) prompted mass protests across Santiago and eventually across the country. Although not in the same direct sense as Extinction Rebellion, Estadillo Social utilised its own form of political consumerism through the looting of shops. Millington (2016) argues that looting is not committed out of impetuous consumer greed; rather, looting can be conceptualised as the self-actualisation of struggle. Although consumerism is often understood as exploitative, our engagement with it commands an expressive function by providing vessels through which to express political aspiration. Discontent is embodied within such commodities as those looted by Estadillo Social which are assumed to provide an improved standard of living yet are largely unaffordable. The mass looting of these commodities serves as a visual representation of marginalised individuals’ hopes for an improved political system where such items are universally accessible. When retailers were looted, protestors both accentuated the absence of the egalitarian system they desire and symbolically reached for these aspirations. The looting observed in Chile can thus be understood as a way in which protestors appropriated consumerism to highlight inequality, seizing with force what they could never afford under capitalist dominance. The Estadillo Social protests resulted in a referendum vote passing to rewrite the constitution of Chile later in 2021, demonstrating the power of social movements and empowered consumers in catalysing significant political change.

In many contemporary societies, capitalist dominance has remained unchallenged in the traditional realm of elections and party politics, however, it is clear that resistance is still present in the form of social movements. Further, consumerism isn’t always necessarily to the advantage of capitalist hegemony, as the use of political consumerism to pressure political institutions and draw attention to inequality has demonstrated how the removal of citizens’ political power has been retaliated to with the reappropriation of consumer power to achieve political goals. The question that arises, however, is whether these new forms of contest are adequate for meaningful change. The progress of environmental social movements such as Extinction Rebellion is largely dictated by the willingness of governments to enforce significant legislation (Gunningham, 2019), and it is unlikely that the new Chilean constitution will adopt an alternative governing ideology as citizens have predominantly demanded improved citizen rights, education and healthcare, rather than the abolition of capitalism (Mander, 2020). This calls attention to the need for ‘hope movements’ that aim to transcend the status quo (Dinerstein and Deneulin, 2012). Instead of operating within capitalist hegemony, a shift to a strategy of prefiguration could be required to surpass the boundaries of capitalism (Sen ed., 2018). As stated by Dinerstein and Deneulin (2012: 599), we need movements which highlight that “another world is indeed possible”. Although social movements and the use of political consumerism both demonstrate the ability to challenge capitalist dominance, a more revolutionary strategy could be necessary to break away from capitalist power entirely.