Chapter 4 Glossary

Chapter 4 Glossary - Chapter 4 Glossary Chapter 4...

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Chapter 4
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Glossary Chapter 4 alienation Concept found in Marx’s 1844 “Economic and Philosophic Manuscripts’’ and a fundamental problem with capitalism; the separation of individuals from the objects they create, which in turn results in one’s separation from other people, from oneself, and ultimately from one’s human nature. Marx argued that workers in capitalist societies are alienated when the fruits of their labor are enjoyed by someone else, and their work ultimately proves meaningless to them. capital The money that is invested for the purpose of making more money. capitalism Defined ideally as an economic system in which the major portion of production and distribution is in private hands, operating under what is termed a “profit” or “market” system. Its main features are: (1) the existence of companies; (2) profit motive; (3) competition; and (4) private property. The U.S. is the world’s leading capitalistic economy. comparative
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This note was uploaded on 03/13/2010 for the course CAST Ethhics taught by Professor Shak during the Spring '10 term at Rochester.

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Chapter 4 Glossary - Chapter 4 Glossary Chapter 4...

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