What is politics according to Foucault?
More specifically, Foucault defines governmentality in Security, Territory, Population as allowing for a complex form of “power which has the population as its target, political economy as its major form of knowledge, and apparatuses of security as its essential technical instrument” (pp. 107–8).
What is biopolitics theory?
Biopolitics refers to the political relations between the administration or regulation of the life of species and a locality’s populations, where politics and law evaluate life based on perceived constants and traits.
How does Foucault define biopower?
Foucault’s concept of biopower describes the administration and regulation of human life at the level of the population and the individual body – it is a form of power that targets the population (Rogers et al 2013).
What is capitalism based on?
Capitalism is based on the accumulation of capital, whereby financial capital is invested in order to make a profit and then reinvested into further production in a continuous process of accumulation. In Marxian economic theory, this dynamic is called the law of value.
What are the criticisms of capitalism?
Capitalism has been criticized for a number of reasons throughout history. Among them are the unreliability and instability of capitalist growth, production of social harms, such as pollution and inhumane treatment of workers, and forms of inequality attributed to capitalism, such as mass income disparity.
What is capitalist mode of production?
The capitalist mode of production proper based on wage-labor and private ownership of the means of production and on industrial technology began to grow rapidly in Western Europe from the Industrial Revolution, later extending to most of the world.
What are the characteristics of a capitalist economy?
Modern capitalist systems usually include a market-oriented economy, in which the production and pricing of goods, as well as the income of individuals, are dictated to a greater extent by market forces resulting from interactions between private businesses and individuals than by central planning undertaken by a government or local institution.