Late capitalismLate capitalism, late-stage capitalism, or end-stage capitalism is a term first used in print by German economist Werner Sombart around the turn of the 20th century. In the late 2010s, the term began to be used in the United States and Canada to refer to corporate capitalism. Later capitalism refers to the historical epoch since 1940, including the post–World War II economic expansion. The expression already existed for a long time in continental Europe, before it gained popularity in the English-speaking world through the English translation of Ernest Mandel's book Late Capitalism, published in 1975.
OpportunismOpportunism is the practice of taking advantage of circumstances – with little regard for principles or with what the consequences are for others. Opportunist actions are expedient actions guided primarily by self-interested motives. The term can be applied to individual humans and living organisms, groups, organizations, styles, behaviors, and trends. Opportunism or "opportunistic behaviour" is an important concept in such fields of study as biology, transaction cost economics, game theory, ethics, psychology, sociology and politics.
IntelligentsiaThe intelligentsia is a status class composed of the university-educated people of a society who engage in the complex mental labours by which they critique, shape, and lead in the politics, policies, and culture of their society; as such, the intelligentsia consists of scholars, academics, teachers, journalists, and literary writers. Conceptually, the intelligentsia status class arose in the late 18th century, during the Partitions of Poland (1772–1795).
Internationalism (politics)Internationalism is a political principle that advocates greater political or economic cooperation among states and nations. It is associated with other political movements and ideologies, but can also reflect a doctrine, belief system, or movement in itself. Supporters of internationalism are known as internationalists and generally believe that humans should unite across national, political, cultural, racial, or class boundaries to advance their common interests, or that governments should cooperate because their mutual long-term interests are of greater importance than their short-term disputes.
Social revolutionSocial revolutions are sudden changes in the structure and nature of society. These revolutions are usually recognized as having transformed society, economy, culture, philosophy, and technology along with but more than just the political systems. Theda Skocpol in her article "France, Russia, China: A Structural Analysis of Social Revolutions" states that social revolution is a "combination of thoroughgoing structural transformation and massive national and class upheavals". She comes to this definition by combining Samuel P.
Praxis (process)Praxis is the process by which a theory, lesson, or skill is enacted, embodied, realized, applied, or put into practice. "Praxis" may also refer to the act of engaging, applying, exercising, realizing, or practising ideas. This has been a recurrent topic in the field of philosophy, discussed in the writings of Plato, Aristotle, St. Augustine, Francis Bacon, Immanuel Kant, Søren Kierkegaard, Ludwig von Mises, Karl Marx, Antonio Gramsci, Martin Heidegger, Hannah Arendt, Jean-Paul Sartre, Paulo Freire, Murray Rothbard, and many others.
EmancipationEmancipation generally means to free a person from a previous restraint or legal disability. More broadly, it is also used for efforts to procure economic and social rights, political rights or equality, often for a specifically disenfranchised group, or more generally, in discussion of many matters. Among others, Karl Marx discussed political emancipation in his 1844 essay "On the Jewish Question", although often in addition to (or in contrast with) the term human emancipation.
PeasantA peasant is a pre-industrial agricultural laborer or a farmer with limited land-ownership, especially one living in the Middle Ages under feudalism and paying rent, tax, fees, or services to a landlord. In Europe, three classes of peasants existed: non-free slaves, semi-free serfs, and free tenants. Peasants might hold title to land outright (fee simple), or by any of several forms of land tenure, among them socage, quit-rent, leasehold, and copyhold. In some contexts, "peasant" has a pejorative meaning, even when referring to farm laborers.
OverproductionIn economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment. The demand side equivalent is underconsumption; some consider supply and demand two sides to the same coin – excess supply is only relative to a given demand, and insufficient demand is only relative to a given supply – and thus consider overproduction and underconsumption equivalent.
Division of labourThe division of labour is the separation of the tasks in any economic system or organisation so that participants may specialize (specialisation). Individuals, organizations, and nations are endowed with or acquire specialized capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialized capabilities may include equipment or natural resources as well as skills. Training and combinations of equipment and other assets acting together are often important.
