captialismoverhead - 1. What is the relationship between...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
1. What is the relationship between democracy and capitalism? 2. What is capitalism?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
MAIN QUESTION FOR TODAY: What is the relationship between Capitalism and Democracy? 1. What is capitalism? 2. What are some different understandings of the relationship between capitalism and democracy? a. Milton Friedman’s Understanding i. Two Principles that protect our freedom b. MacPherson’s Objections c. Charles Lindblom’s Understanding: i. Why is the Market a Prison according to Lindblom?? 3. What are the problems associated with each of these views. Vocabulary: Inducements vs. Command Political Freedom Market as Prison
Background image of page 2
Milton Friedman: CAPITALISM IS NECESSARY FOR DEMOCRACY/POLITICAL FREEDOM. CP MacPherson: POLITICAL FREEDOM PRODUCES CAPITALISM. AND THE MORE EXTENSIVE THE POLITICAL FREEDOM, THE LESS EXTENSIVE THE ECONOMIC FREEDOM. Charles Lindblom: WHILE CAPITALISM MIGHT BE NECESSARY FOR DEMOCRACY IN THE BEGINNING, CAPITALISM CONSTRAINS DEMOCRACY.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
WHAT IS CAPITALISM? OR HOW DO YOU KNOW YOU ARE LIVING IN A CAPITALIST ECONOMIC SYSTEM? I like the free market because I dislike the free market because
Background image of page 4
1) private ownership of means of production 2) the condition of selling one’s labor and receiving market value for one’s labor in terms of a wage. 3) An exploitative relationship in which some people make
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 10

captialismoverhead - 1. What is the relationship between...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online