00:01
So, first is max weber theory suggests that protestants belief system, particularly the calvinist doctrine of predestination plays a crucial role in rise of capitalism.
00:13
So, according to weber, the belief in predestination created a sense of anxiety and uncertainty among individuals leading to work hard and accumulate wealth as a sign of their salvation.
00:37
So, this protestant work ethics combined with the factors such as availability of capital and the development of market economy contributed to the emergence of capitalism.
00:55
However, the religious landscape has indeed changed significantly since weber's time.
01:00
In united secularism, there has been a decline in religious affiliation and rise in secularism.
01:09
So, this shift raises the question of whether religion still plays an important role in the development of capitalism.
01:16
So, while religion may not have the same dominant influence as it did in weber time, it can also play a role in shaping capitalist development.
01:34
Also, the religious beliefs and values influence attitudes towards work, wealth and conception of individuals...