Individualism

:For other uses, see Egoism (disambiguation).

Capitalism and Individualism

Karl Marx argued that the structure of production (the structure of the economy) determined the structure of society, and there is little doubt that many evolving trends in the economy (often linked to the evolution of industry and trade) influence society and the way people interact. For example, the emergence of automobile and air transportation, together with the speed of economic change, has coincided with many important changes in interpersonal and family relationship patterns. Marx called this theory historical materialism.

Related Topics:
Karl Marx - Production - Economy - Automobile - Historical materialism

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Critics of modern capitalism sometimes argue that capitalism is not based on individuals but largely on firms and institutions, and that individuals' roles are largely determined by these institutions. However, compared to various forms of political collectivism, capitalism is usually still considered as individualistic since participation in these institutions is voluntary and an individual choice. Yet, capitalism can also thrive in certain collectivism societies with individual choice. The only difference is what the choice is based on: individual need versus collective need.

Related Topics:
Capitalism - Institutions - Collectivism - Voluntary

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