Capitalism in Sociology Essay

Added on - 11 Jan 2021

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ESSAY
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1Capitalism in Sociology in contemporary and post era..............................................................1Presence of sociological theory along with modern capitalism..................................................2Analysis of capitalism along with theory of society...................................................................3Capitalism and cultural order......................................................................................................4Capitalism and political order.....................................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONCapitalism in context of social system exists in every country of this world. In thissystem, goods for purpose of distributing and producing are directly owned by people of smallminority. It is not referred as detached or distinct entity as it contributes in huge social systemwhich provides direct influence to ideology, beliefs, culture, social institutions, norms,relationships among people, legal and political structures. The present report will provide briefdiscussion about capitalism with sociology perspective as it will help in specifying variousaccount of ideas with context of different sociological theorists.In the report, scholar will develop an appropriate understanding on various keydevelopments with the help of modern and post-modernist sociological theory. Further, it willarticulate different links with social context where major sociologists have represented theirfindings and concerns. It will also articulate proper understanding of relationship betweenapproaches which are linked to locations, theoretical and practical for recent issues.Capitalism in Sociology in contemporary and post eraCapitalism is referred as an economic system where all private actors are allowed forowning and controlling application of property for gaining interests and maximizing profits. It isconsidered as one of the best pragmatic solution for fulfilling appropriate requirements ofeconomy and to get rid of worse scenario of immoral exploitation where it could be directlycontrolled and sometimes imposed. The emergence of modern capitalism had been recordedthrough sociologists, commentators and economic historians without any force in this world. Itwas considered best for purpose of committing social justice, wealth redistribution, moraladvocacy to specific politicians and social commentators. It directly creates demand forreligious, educational and cultural institutions related to minimum neutral market capitalism onbasis of its working. In the same series, it would be not giving maximum counterweights forpurpose of power related to human and market avarice.While justifying capitalism in sociology, it had motivated through questionable naturewith key assumptions that is linked to Marxian theory. It also includes labour theory withreference to exploitation and value. Further, it also justifies a speculative philosophy withreference to history as it holds the idea of social development with its different stages. In thepresent era, social conflicts are known as interest from its outset (Whitty, 2017).1
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