Sociology and economics section 4 review - Sociology and economics section 4 review Recent Changes in Capitalism In the time since Smith Simmel Marx and

Sociology and economics section 4 review - Sociology and...

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Sociology and economics section 4 reviewRecent Changes in CapitalismIn the time since Smith, Simmel, Marx, and Weber wrote about capitalism:World poverty has not been eliminated through the division of laborNew forms of exchange have emerged that are even more abstract than moneyCapitalist-fueled development has arguably sacrificed the health of the planet for a dramatic improvement in the quality of life (esp. in advanced industrial and postindustrial economies)In the US, we don’t directly manufacture as many goods anymore; instead our economy is dominated by servicesWe’re seeing the rise of all sorts of work arrangements which do not include the factory, and yet workers with no boss feel beholden to an abstract taskmaster of sorts and torn between the dual commitments of unpaid home labor and making a living in the formal world of
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