Jan 14 2009
working within the system capitalism
Capitalism’s status as the dominant social system occurred through its ability to commodify all processes, “not merely exchange processes, but production processes, distribution processes, and investment processes.”[1] Once these social processes had all been but absorbed into the larger system, capitalists needed another inlet for capital accumulation. “Since capitalism is a self-regarding process, it follows that no social transaction has been intrinsically exempt from possible inclusion. That is why we may say that the historical development of capitalism has involved the thrust towards the commodification of everything.”[2]
[1] Ibid., 15.
[2] Ibid., 15-16.
