Tag Archives: Capitalism

Capitalism


Capitalism

Capitalism is an economic system based on private ownership of the means of production, in which personal profit can be acquired through investment of capital and employment of labor. It stresses freedom of individual economic enterprise but does not presuppose a specific form of social or political organization. Government action has been and is required to curb its abuses, which have ranged from slavery to monopoly cartels and financial fraud. What is the “invisible hand”? More… Discuss

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today’s birthday: Max Horkheimer (1895)


Max Horkheimer (1895)

Horkheimer was a German philosopher and sociologist and played an important role in the development of critical theory and Western Marxism. In Eclipse of Reason and Dialectic of Enlightenment, he developed a critique of scientific positivism, and his ideas about liberation and consumer society continue to influence contemporary empirical sociologists. What did Horkheimer believe to be the cause of the ills of modern society? More… Discuss

Saint of the Day for Tuesday, January 27th, 2015: St. Angela Merici