the focus of Weber's 'The Protestant Ethic and Spirit of Capitalism' study was to advance the idea that religion was an engine for social change
he argued that some elements of the Calvinist protestant religion inadvertently catalysed the spread of capitalism
possessing large sums of money was inherently viewed as greedy, hence the generous donations many catholics offen donated to the Church as a display their devotion to God
however, with the emergence of Calvinism, John Calvin began to change the way that wealth was viewed by his followers
What is the belief regarding human nature in Calvinism?
Everyone is inherently born as sinners due to Adam & Eve's downfall.
the hard work and asceticism served as a coping mechanism to pacify the masses in regards to their salvation panic, when followers become plagued with doubt that they have not attained salvation
this acquisition of wealth and reinvestment in one’s business is what Weber describes as modern capitalism
Calvinist work ethic
idleness was shunned upon, as well as excessive sleep
they valued punctuality, profit, trade and modesty
adherents of Calvinism believed that human merit plays no part in the possession of grace, as that would make God’s decrees subject to human influence. in essence, whether you were a part of the “elect“ is a matter that is predetermined by God
asceticism is a philosophy of self-denial, the idea that christians should isolate themselves from luxuries, instead focussing on leading an austere life and salvation of the soul
Criticisms
Parkin disputes that there are some places in which the belief of Calvinism was heavily practised without the emergence of capitalism, the clearest example would be Scotland, which did not experience economic prosperity even when Calvinism was rife
Some critics argue that the Protestant Ethic thesis fails to take into account other factors that may have contributed to the rise of Capitalism. For instance, the Industrial Revolution brought about new technologies and innovations that facilitated the production of goods. These changes created opportunities for entrepreneurs to start businesses and generate profits
The Protestant Ethic thesis has been criticized for its lack of empirical evidence. It relies too much on historical accounts rather than statistical data. There is little proof that shows how the rise of Protestantism directly caused the growth of Capitalism. In fact, many countries where Calvinism grew as a practised belief did not experience economic prosperity at all
Marxists however, believe that capitalism came prior to Calvinism, the rise of advancements in technology subsequently gave rise to capitalism, the bourgeoisie then adopted Calvinism as a means of legitimising and maintaining capitalism
Weber’s theory is superficially similar to the rose-tinted, functionalist notion that capitalism is not viewed as dysfunctional and corrupting to society, it excuses the ruling-class ideology that controls us and keeps us in a state of false class consciousness
followers belived that fulfillment of duty in worldly affairs was the highest degree of moral activity that one could attain
capitalism is the pursuit of profit and forever renewed profit by means of continuous, rational and capitalistic enterprise