More Related Content More from AGHAM - Advocates of Science and Technology for the People (18) Beo!!!!14. Sistemang alipin Primitibo komunal Agricultural Societies Industrial Society Sistemang pyudal Sistemang kapitalista Hunting and Gathering 34. Some people say it’s unrealistic, idealistic, that it can’t happen. But I say the ones who are unrealistic are those that want to continue on the old path. That’s dreaming. Remember that old way didn’t just happen by itself. It’s not like gravity that we just gotta live with. People created it. And we’re people too. So let’s create something new. Editor's Notes Capitalism Generally refers to an economic system in which the means of production are privately owned and operated for profit, and in which investments, distribution, income, production and pricing of goods and services are determined through the operation of a market. The ideological and intellectual background for the Industrial Revolution. Industrialisation process Introduction of mechanical power (originally steam) to replace human and animal power in the production of goods and services. Corporate Capitalism The principal mechanism for concentrating capital and power. Microsoft ® Encarta ® 2007. © 1993-2006 Microsoft Corporation. All rights reserved. Imperialism Practice by which powerful nations or peoples seek to extend and maintain control or influence over weaker nations or peoples, associated with the economic expansion of capitalist states or corporations This nonsense is often piously referred to as God's "invisible hand" at work. In operation, however, this rationalisation for a few individuals to accumulate mountains of capital by trampling on the many has imposed grave injury on both society and environment. Hence, a "visible foot" more aptly describes Smith's notion.