Transcript Capitalism: Building on the Love Story

Democracy and Capitalism…cont’d
10 steps to democracy…
Do we have democracy? “How much?”
What are the barriers to democracy??
Capitalism: Building on the Love Story
Private ownership of the means of production,
creation of goods or services for profit in a
market, and prices and wages are elements of
capitalism (Tormey, 2004).
“Do we mean by ‘capitalism’, as we are going to
use the term, merely the fact that all means of
production are privately owned?
Or do we also want to include under the term the
further idea of a free market as the
determining mechanism of price, wages,
profit?” (John S. Mills, 1959)
“trickle down”
Source: Politics of
Health Knowledge
Network, 2007
Is Capitalism a Disease?
(Levins, 2003)
• Capitalism: “the political economic system,
based on private property and private
profit (Bannock, Baxter, Reese)…”so that
the economy can grow indefinitely”
• How does capitalism impact health over
time? Why are health outcomes getting
worse for many people? Why will you be
the first generation who will not likely live
as long as their forbearers?
Global Income inequality:
The GINI Coefficient
• A number between 0 and 1 where 0
corresponds with perfect equality
(where everyone has the same income),
and 1 corresponds with perfect
inequality (where on person has all the
income and everyone else has zero
income)
Global Income inequality:
The GINI Coefficient
Global Health Disparities due to
Climate Change
Worldmapper: Global carbon emissions
Worldmapper: Global water use
Worldmapper: GDP wealth
Worldmapper: Armed Forces at war: 1945-2004
Key Drivers of Global Capitalism:
Some Examples
Economic globalization- Human Rights
Implications
– De Feyter (2005) defines economic
globalization as the breaking down of states’
borders to allow the free flow of finance,
trade, production, and labor.
– But what does this ‘look like’? The story of
Stuff! © Annie Leonard
The global fight for the world’s water supply
Water resources
Industrial water use
Ecological Footprint
Acid Rain
Poverty
Female Life expectancy