Capitalism:
An economic system in which production and consumption patterns are based on profit using privately owned capital goods and wage labour. The system builds on individual wealth and capital accumulation at the lowest cost to the investor, with little regard for the societal costs and exploitation of the workforce - both paid and unpaid.
Commodification of land:
The conversion of land and activities related to it (like agriculture) into commodities that can be bought or sold for profit.
International Financial Institutions (IFIs):
Institutions (like the World Bank, International Monetary Fund, or regional development banks) that provide loans to countries lacking sufficient money to cover funding shortfalls or to finance development projects. Historically, the lending policies of these institutions have been determined by economically powerful Western countries and private enterprises. Loans to low-income countries in particular typically include conditionalities that prompt economic reforms in these countries to support neo-liberalism.
Neoliberalism:
A set of economic and political theories in which market forces, rather than governments, determine key aspects of the economy with governments acting to support globalized markets and the interests of capital. Neo-liberal economic policies typically include promotion of free trade, privatisation, reduced government spending on social programs, subsidies and tax exemptions for business, deregulation of financial sector and foreign investments, low taxes on the wealthy and corporations, flexible labour and weak environmental protection.
Patriarchy:
Refers to systemic and institutionalized male domination embedded in and perpetuated by cultural, political, economic and social structures and ideologies. Hetero-patriarchy in addition, is a patriarchal system that is also based on the belief that heterosexuality is the only normal and acceptable sexual orientation.
2026.
