What is the Capitalism?
Use the following reading that describes the history of capitalism and the capitalist modes of production. Introduce the topic of capitalism, explain the ideology of capitalism, and describe its historical development in societies. Explain how capitalism has always existed as a historical social process. Describe how commodification of processes led to the rise in capitalism.
- Use the reading, 'Historical Capitalism with Capitalist Civilization' (only 'Introduction' and the 1st chapter, till pg. 43), to get introduced to the topic of capitalism, understand the ideology of capitalism, and its historical development in societies.
- Explore how capitalism has always existed as a historical social process. Discuss how commodification of processes led to the rise in capitalism.
- Use the reading to understand different modes of capitalist production such as unequal exchange of goods and vertical integration of processes.
- Discuss the factors involved, such as availability of labor, that influence the capitalist mode of production.
- Emphasize on the role of the proletariat in the building of the capital.
- Disucss how a feudal yet egalitarian European society in the 15th century was transformed by the 17th century, with the establishment of a capitalist society.
- Discuss the emerging of capitalism in the first industrialized nation- Britain- alongside the agrarian and industrial revolutions.
- Understand how social and economic developments led to the rise of capitalism in Britain- transformation from a feudal to a wage-labor society.
Reading Authored by Immanuel Wallerstein, provided by libcom.org