1220 Chapter 10

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What is this?
a system of power based on wealth, income and status that creates unequal distribution of society's resources
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Terms in this set (60)
Who's theory was the industrial revolution where there was a restriction of poor rural from use of common village lands (farming, grazing, gathering) and migration to urban centers to seek wage-labor jobs - from freudism to capitalist mode of production?Karl MarxKarl Marx believes there are 2 classes. Which one is the capitalist class that owns means of production (factories, machines, tools, raw materials, land, financial capital to make things)boutgeoisieKarl Marx believes that are 2 classes. Which one is the working class that is unable to make own living, sell work and labor for wages of capitalistproletariatWhat is a key source of value and profit in marketplace?laborWhat is this? reducing cost of production and increasing difference between production cost and sale price - becomes profit for owner (class exploitation)surplus valueWho's theory was a consideration of power and prestige (reputation influence and defence because of membership to certain groups) - affects how people are treated in social situations, access to social networks and access to people of wealth and power.Max WeberWhat is this in relation to Max Weber? groups of people from whom similar sets of factors determine their life chancesclasshow is class determined in the Max Weber theoryfinancial resources and social resources (education, health care, food, clothing, shelter)Class stratification and elite control of means of production is impossible without state power - police, tax, military in Max Weber's theory. t/ftrueIn Max Weber's theory. What is this? individual's opportunities to improve QOL and recognize life goalslife chancesWho studied social mobility?Pierre BourdieuWhat is this in regards to Pierre Bourdieu? ones change of class position (upward/downward) in stratified societiessocial mobilityWhat is this in regards to Pierre Bourdieu? success on basis of individual talent and motivation this is from social reproduction/class reproduction in education eg. social and class relations of prestige or lack of are passed on from one generation to the nextmeritocracyWho studied intersectionality?Leith MullingsWhat is this according to Leith? analytic framework for assessing how factors such as class, race and gender interact to shape individual life change and patterns of stratificationintersectionalityInequality of resources, institutional racism, gender discrimination affect opportunities for employment, housing and health care. Who?Leith MullingsHow would Bourdeiu describe this? the dispositions, self-perceptions, sensibilities and tastes developed in response to external influences over a lifetime that shapes one's conceptions of the world and where we fit in.habitusHow would Bourdeiu describe this? the knowledge, habits and tastes learned from parents and family that individuals can use to gain access to scarce and valuable resources in society.cultural capitalWhat was Mullings project that determined gender disparity in health where race, class and gender produced unique stresses (high rates of infant mortality, miscarriages, stillbirths) - institutional racism and economic injusticeThe Harlem Bright ProjectWha was Mulling's Sojourner Syndrome?African American Women's Rights Association and Abolitionist.What was it called in Mulling's studies when resilience, determination, creativity required to overcome interlocking constraints of racism, sexism/gender discrimination and class inequality?Sojourner SyndromeGlobal poverty has increased over the past 20 years. How much of the population lives in poverty? and what is their income?40% <$2How many people live in extreme poverty and what is their income?nearly 1 billion <$1.25How much of the worlds population owns more than half of all wealth?2%The wealthiest 20% of the world receive ___% of global income?75%What are the 2 key theories to describe poverty?poverty as pathology poverty as structural economic problemsWhat is poverty as pathology?personal failings of family, community (culture of poverty - feelings of marginality, helplessness, dependance)What is poverty as structural economic problems?flexible accumulation and uneven developmentDoes the economic system need to reduce government policies and problems of economy and protect most vulnerable and provide opportunities for social mobility?yesWhat is the key factor in masking class? (credit cards, mortgages, education laws)consumer cultureDoes the media ignore existence of poor and working class and gaps between wealth and poverty?yesWhat is used to keep class structure in place? eg. against labor unions, anti-war demonstrators, civil rights protestorsforceWHat is this? hunger, malnutrition, health education, vulnerability to climate change, access to technologyglobal inequalityWhat is this? earn from work, dividends and interest on investments, along with rents and royaltiesincomeWhat is this? payment by corporation to its stakeholders of portion of corporate profitsdividendeWhat is this? fee paid for use of borrowed moneyinterestWhat is this? payment at compensation for use of land, buildings, apartment, property equipmentrentWhat is this? income based on % of revenue from sales of patent, book, or the theoretical work paid to investor of authorroyaltiesincome patterns reveal ____power distributionWhat is this? total value of what someone owns minus any debtwealthWhat is this? retain more of their income wages stagnation higher credit card education mortgagetax for wealthywealth transfers from generation to generation what % receive no inheritance?92%wealth is stratified by race. T/F?truethe cultural capital reinforces what?inequalitystreet vendors are an example of?informal economyFijos are?long term street vendorsambulants are?stall vendorsstreet markets were used as economic and political conditions created and regulated by the state and benefits the conditions of informality and illegality that turn small-scale entrepreneurs into criminals. T/FtrueWhat was the importance of poor rural white's in kentucky?development of an economic system creates cultural hierarchyWhat is wall street?best for corporations over employees