What is Commodification?

Defining Commodification00:00:00

Commodification is the transformation process where various entities like goods, services, ideas, nature, information, people, and animals are converted into objects of trade with economic value.

Critique and Capitalism00:00:29

The process faces criticism for commodifying essentials like water, education, and human life. This trend is driven by capitalism's constant need for growth and new markets, which increasingly brings non-commercial aspects of life into the economic sphere.