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Final Political Science: Inequality In America.
Terms in this set (14)
What are the weaknesses of Class Identity in America?
Marx: that the lower class must be conscious of exploitation in order to want a fundamental change. many people are not conscious of there actual class status. the ones that are conscious of it but believe that anyone can "make it" in America.
What was packer for the good o'l days?
1. 1930s -70s America was characterized by a (middle class-democracy.)
2. the government policy was designed to improve the life of middle class Americans which includes:
job- have full employment.
wages- go up.
education- get better.
3. Elites from government, business and labor corporate with one another.
4. Emphasis on improving the community (as compared to an obsession with personal wealth)
What happen with the good o'l days?
1. the 1960s glorified personal freedom and self-indulgence.
2. there was a series of crises discredited the government as a positive force in the eyes of many such as: the social upheaval of the 1960s and Vietnam.
*Watergate- the state and local level many went to prison because of this.
*Stagflation - economic crises.
*Oil crises 1973 war and 1979 the over throw of the shock.
How did packer the good o'l days fix the problem?
had liberal activities which pushed for election reforms to open up the system to average citizens.
How did the big money work in politics?
1. the reforms were designed to empower grass-roots activists instead of empowering the wealthy.
2. the corporation became adept at lobbying congress.
a. numbers of business represented .by registered lobbyists was 145 in 1971; 16,622 in 2019.
b. money spent on midterm elections in 1974 was $77 million and in 2018 $5.7 billion.
what was the impact of Big Money in 1978?
3 bills were supported by the dem. president and the dem. majority in congress and by the people:
a bill to establish a consumer advocate in the federal bureaucracy.
a bill that modest increased in capital gains tax.
a bill to make it harder for employers to block union organizations.
How come the bills were blocked by congress?
because of the fierce opposition by big businesses and their well-funded lobbyists
what was the consumer financial protection bureau and when did the name of agency change and why?
it was created in 2010 t police mortgage lenders and credit cards for unfair practices. although the named changed in 2018 to "Bureau of Consumer Financial Protection" it changed because placing Bureau first makes agency seem less consumer-friendly.
Compare the attitudes in the US and Europe?
1. Europe: property is the product of structural conditions beyond control of the poor. "poor people deserve a hand up"
2. US: poverty is more often seen as the result of individual attributes such as lazy, irresponsible, claimed link to minorities, poor people who want a hand out.
is the problem of inequality overblown?
1. income distribution does not really measure well-being.
2. consumption is a better measure of inequality.
consumption inequality has been declining.
the gap between what the rich and poor consume is narrowing. this happening because the price of food, high quality consumer goods, have all been declining.
3. Americans are not as bothered by income inequality as Europeans.
4. Given all these factors, playing the "class welfare"
card does more harm then good.
what are the 4 "disses" of American democracy?
1. distrust: average citizens lose their trust in the system.
2. disillusion: average citizens feel they cant make a difference in politics.
3. disenfranchisement: is a wealthy use of strategies such as strict voter ID laws to make it harder for the poor to vote.
4. disempowerment: the first three D's = disempowerment among masses.
What did Stiglitz create?
created an unfair economic and political system for the masses. he was a left-wing scholar.
What does Joseph Stiglitz believe?
"free markets + poor corporate governance = near-monopolies.
thinks that the most powerful corporate entities seek to shape the government policies in such a way that they can expand their econ. windfall.
Who is Luigi Zingales and what does he believe about the Capitalism for the rich?
he's a right wing scholar.
laments ability of wealthy corporations and individuals to lobby the government for favorable policies.
This set is often in folders with...
Chapter 2: Ideologies
Chapter 2: Democracy.
Chapter 2: Political Parties
Chapter 2: Interest Groups
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