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Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
Anti-capitalism is a political ideology and movement encompassing a variety of attitudes and ideas that oppose capitalism. In this sense, anti-capitalists are those who wish to replace capitalism with another type of economic system, such as socialism or communism.
Political sociology is an interdisciplinary field of study concerned with exploring how governance and society interact and influence one another at the micro to macro levels of analysis. Interested in the social causes and consequences of how power is distributed and changes throughout and amongst societies, political sociology's focus ranges across individual families to the state as sites of social and political conflict and power contestation.
Marxism is a method of socioeconomic analysis that uses a materialist interpretation of historical development, better known as historical materialism, to understand class relations and social conflict and a dialectical perspective to view social transformation. It originates from the works of 19th-century German philosophers Karl Marx and Friedrich Engels. As Marxism has developed over time into various branches and schools of thought, no single, definitive Marxist theory exists. Marxism has had a profound impact in shaping the modern world, with various left-wing to far-left political movements taking inspiration from it in varying local contexts.
Transnationalism is a research field and social phenomenon grown out of the heightened interconnectivity between people and the receding economic and social significance of boundaries among nation states.
Post-capitalism is, in part, a hypothetical state in which the economic systems of the world can no longer be described as forms of capitalism. Various individuals and political ideologies have speculated on what would define such a world. According to classical Marxist and social evolutionary theories, post-capitalist societies may come about as a result of spontaneous evolution as capitalism becomes obsolete. Others propose models to intentionally replace capitalism, most notably socialism, communism, anarchism, nationalism and degrowth.
Criticism of capitalism is a critique of political economy that involves the rejection of, or dissatisfaction with the economic system of capitalism and its outcomes. Criticisms typically range from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety. Criticism of capitalism is generally a left-wing to far-left stance on political economy.
Interlocking directorate refers to the practice of members of a corporate board of directors serving on the boards of multiple corporations. A person that sits on multiple boards is known as a multiple director. Two firms have a direct interlock if a director or executive of one firm is also a director of the other, and an indirect interlock if a director of each sits on the board of a third firm.
Marxist criminology is one of the schools of criminology. It parallels the work of the structural functionalism school which focuses on what produces stability and continuity in society but, unlike the functionalists, it adopts a predefined political philosophy. As in conflict criminology, it focuses on why things change, identifying the disruptive forces in industrialized societies, and describing how society is divided by power, wealth, prestige, and the perceptions of the world. "The shape and character of the legal system in complex societies can be understood as deriving from the conflicts inherent in the structure of these societies which are stratified economically and politically". It is concerned with the causal relationships between society and crime, i.e. to establish a critical understanding of how the immediate and structural social environment gives rise to crime and criminogenic conditions.
John Richard Urry was a British sociologist who served as a professor at Lancaster University. He is noted for work in the fields of the sociology of tourism and mobility.
Ariel Salleh is an Australian sociologist who writes on humanity-nature relations, political ecology, social change movements, and ecofeminism.
James Petras is a retired Bartle Professor (Emeritus) of Sociology at Binghamton University in Binghamton, New York and adjunct professor at Saint Mary's University, Halifax, Nova Scotia, Canada who has published on political issues with particular focus on Latin America and the Middle East, imperialism, globalization, and leftist social movements.
The transnational capitalist class (TCC), also known as the transnational capitalist network (TCN), in neo-Gramscian and Marxian-influenced analyses of international political economy and globalization, is the global social stratum that controls supranational instruments of the global economy such as transnational corporations and heavily influences political organs such as the World Trade Organization.
William I. Robinson is an American professor of sociology at the University of California, Santa Barbara. His work focuses on political economy, globalization, Latin America and historical materialism. He is a member of the International Parliamentary and Civil Society Mission to Investigate the Political Transition in Iraq.
Teivo Teivainen is professor of World Politics at the University of Helsinki. Having received his PhD in 2000 at the University of Helsinki, Teivainen became the founding director of the Program on Democracy and Global Transformation at the National University of San Marcos, in Lima, Peru in 2003.
Stephen Gill, FRSC is Distinguished Research Professor of Political Science at York University, Toronto, Ontario, Canada. He is known for his work in International Relations and Global Political Economy and has published, among others, Power and Resistance in the New World Order, Power, Production and Social Reproduction, Gramsci, Historical Materialism and International Relations (1993), American Hegemony and the Trilateral Commission (1990) and The Global Political Economy: Perspectives, Problems and Policies.
Henry Veltmeyer is a professor of Sociology and International Development Studies at Saint Mary's University (Halifax), Nova Scotia, Canada. He is a prolific author on matters of Development and Globalization. He is also on faculty at the Universidad Autónoma de Zacatecas, in the Unidad Académica en Estudios de Desarrollo.
Erik Olin Wright was an American analytical Marxist sociologist at the University of Wisconsin–Madison, specializing in social stratification and in egalitarian alternative futures to capitalism. He was known for diverging from classical Marxism in his breakdown of the working class into subgroups of diversely held power and therefore varying degrees of class consciousness. Wright introduced novel concepts to adapt to this change of perspective including deep democracy and interstitial revolution.
Exploitation is a concept defined as, in its broadest sense, one agent taking unfair advantage of another agent. When applying this to labour it denotes an unjust social relationship based on an asymmetry of power or unequal exchange of value between workers and their employers. When speaking about exploitation, there is a direct affiliation with consumption in social theory and traditionally this would label exploitation as unfairly taking advantage of another person because of their vulnerable position, giving the exploiter the power.
Marxism was introduced by Karl Marx. Most Marxist critics who were writing in what could chronologically be specified as the early period of Marxist literary criticism, subscribed to what has come to be called "vulgar Marxism." In this thinking of the structure of societies, literary texts are one register of the superstructure, which is determined by the economic base of any given society. Therefore, literary texts are a reflection of the economic base rather than "the social institutions from which they originate" for all social institutions, or more precisely human–social relationships, are in the final analysis determined by the economic base.