Protestants and Capitalism

Weber believed that the protestant ethic was a key element in the development of capitalism because of their beliefs and how they are related to the capitalism. The protestant believed that “work is valued as an end in itself” (Simmons, Revitalizing the Classics, 2013, p. 207). The Protestants main duty was to do hard work. They also believed that the “accumulation of wealth is an indication of person virtue as well as of economic success” (Simmons, Revitalizing the Classics, 2013, p. 208). They believed that wealth was a reward for all the hard work that they would have done. They also believed that “the methodical life governed by reason is valued as a state of righteousness, as well as far economic efficiency” (Simmons, Revitalizing the Classics, 2013, p. 208). This meant planning for all activities to the smallest detail. They also believed in “economic success should not be used for personal enjoyment” (Simmons, Revitalizing the Classics, 2013, p. 208). They believed the money consumed by labour should not be used for personal expenses. They also believed in the “doctrine of predestination” which meant that they believed that people were born in a certain way or class and was fixed destiny for all. I do believe that this ethic is still alive today to some aspects because people want to work hard however, it is hard for someone not to use their hard works pay on personal pleasure.

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