The modern capitalist incarnation of the Protestant ethic

Marcelino 2022-03-21 09:02:08

When Weber tried to explain the uniqueness of modern capitalism in The Protestant Ethics, he first separated capitalist management from profit-seeking itself. A rationalized capitalist operation consists of two elements: disciplined labor and disciplined capital input. They all stand in deep contrast to traditional types of capitalist activity. The meaning of the former can easily be explained by the experience of those who established modern organizations of production in communities that knew nothing about them in the past. Consider an employer who introduces piece-rate wages in order to increase productivity, whereby workers can expect that this will stimulate members of their workforce to work harder to increase wages. As a result, workers may actually be doing less work than before, because they are not concerned with earning the highest daily wage, but simply earning enough to meet traditionally given needs. A similar phenomenon exists for the wealthy in traditional social formations, where people who profit from capitalist operations simply earn money so that they can be used for such purposes: to buy material comforts, pleasures, or purchases that power. The regular reproduction of capital, which means the constant investment and reinvestment of capital for the purpose of economic efficiency, is unfamiliar to traditional types of business activities. Associated with the latter is a very clear vision: the accumulation of wealth for its own sake, not for the kind of material rewards it helps bring. "Man must make money in his life, and he must take profit as the ultimate goal of life. Economic profit-making activities are no longer subordinate to man as a means for man to satisfy his own material needs. According to Weber, this is modern capitalism. spiritual essence.

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All the Money in the World quotes

  • Oswald Hinge: Ms. Getty, we offer you our sincerest condolences.

    Gail Harris: Well, you're very thoughtful.

    Oswald Hinge: Please, sit. Mr. Getty's death has created a bit of a crisis here. You see, the estate was structured as a charitable family trust.

    Gail Harris: Did he ever give any money to charity?

    Oswald Hinge: No. No.

    Gail Harris: The trust enabled Mr. Getty to build his fortune without paying taxes. There was just one catch. Under the rules of the trust, he couldn't actually spend the money.

    Gail Harris: What's the point of making all that money if you can't spend it?

    Oswald Hinge: Well, he couldn't spend it, but he could invest it.So, he invested it in things. Art. Antiques. Soon, he had a... A staggering amount of things.And a staggering amount of money. Now someone has to decide what to do with it all.

    Gail Harris: What do you want with me?

    Oswald Hinge: How do I put this... The king is dead. The throne is vacant. Your children are his heirs. Until they come of age,someone has to make the decisions. Which means, of course, someone has to take his place.

  • Gail Harris: Paul? Come say hello to Mr. Chace. Or goodbye. I'm not sure which.

    Fletcher Chace: He's gonna be trouble with the ladies.

    John Paul Getty III: I already am.

    Gail Harris: I do hope you'll stay on with us. I know you had other ambitions, but..

    Fletcher Chace: Guys like me don't get rich. We get sidetracked too easily.

    Gail Harris: Shame.

    Fletcher Chace: Not really.

    Gail Harris: I think of you as family.

    Fletcher Chace: Kind of you to say so, ma'am. Was a couple things around the grounds that I've been meaning to see to.

    Gail Harris: Yes, of course. Don't let me keep you.