Market Society

1274 Words3 Pages

Taking a look at the evolution of society as a whole, structures from previous social organizations vary drastically from the civilization individuals reside in today; now known as a 'market society.' It has shifted towards a society where members of the community are now solely concerned about economic relations, rather than interpersonal relations. This is what Karl Polanyi refers to the emergence of market society as "the great transformation." The shift towards a market society is characterized by the emergence of a self-regulation society, allowing the birth of fictitious commodities, as well as placing great emphasis towards individualism. It focuses on the significant changes that have taken place since the transformation, which are …show more content…

Previous markets forced a minimum division of labour, meaning that if an individual didn't possess the correct amount of skill, they wouldn't get the job. This mainly placed emphasis towards artisan workers, "who work with hand tools rather than machines" (Rinehart, 24). This differs greatly from the shift in division of labour in a market society. Factory owners placed greater emphasis on increasing productivity by expanding production. In order to do this, they simplify tasks so they don't require much training in order for it to be done. In addition, workers began to be treated as "costs." In order to make labour cheaper, machines were installed to replace workers and replace the need for skilled labour (Rinehart, 30). As managing labour began to become more complicated, Taylorism was introduced in order to boost productivity and allow managers to take control and reduce the costs of labour (Rinehart, 39). During this time, to achieve more efficient labour, work began to be broken down into smaller jobs (Rinehart, 40). Overall, as the market society continues to evolve, factories train their labourers to produce goods as quickly as possible. This is so they are able to maximize profit, gain more income, and to make the economy better by opening up the opportunity for more unskilled …show more content…

In simpler terms, as Bendix stated, "a man should work well in his gainful occupation, not merely because he had to but because he wanted to" (Bendix, 51). However, the idea behind this worldview comes from the concept that the "protestant work ethic" provides the "spirit of capitalism" with powerful ethical support (Bendix, 55). To simplify the works of a "protestant work ethic", it implies that an individual believes the way to live must be ordained by God in which every man must prove himself to Him (Bendix 62). Similarly to the spirit of capitalism, both concepts urge individuals to work hard, control their own happiness, and grow their venture to boost their possessions; although they do have their distinct differences. Protestant work ethic believes that hard work and dedication, as well as focusing on oneself and pushing past ones potential is a way of gaining God's favor. On the other hand, spirit of capitalism enables individuals who dedicate themselves to hard work the ability to have more wealth in order to have an exceptional life (Bendix 62). Both concepts, the spirit of capitalism and protestant work ethic, both play a significant role in the transition

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