Moorpark College Brazil & India Economic Analysis Discussion Paper
Much has been said about social stratification. Describe how the three major classes are able to interact with one another as to contribute to the dynamic outcome of the economy that is Capitalism. What overall results do such interactions yield? What is the underlying theme in the outcome of this interaction?
I have done some of this assignment already, I need someone to format them into paragraphs/complete sentences.
here is the first two I have done already-
Resource: Textbook pdf. download “What’s Class Got to Do with It?
Prompt: Describe how the three major classes are able to interact with one another as to contribute to the dynamic outcome of the economy that is Capitalism.
— The 3 major classes, capitalist (upper-class), middle-class, and working-class (lower), economically interact with each other through their job position or power.
— Capitalists being at the top of the work chain (CEO, CFO , COO, President, members of Board of Directors such as President or Vice-President, those with the financial power to “dominate the workplace and the economy.” Additionally, for their power to be acknowledged on a national scale, they essentially are recognized as having “control [over] the largest corporations, those employing over five-hundred people.”[page 131])
— Those employed by Capitalist are respectively the middle and working class.
— Middle class work mostly for private companies or public agencies, which are funded and controlled by rich individuals and their corporations, if not the government. Besides income in most (but not all) cases, what distinct them from the working-class is authority. They may have authority in the workplace, such as being a supervisor, top manager, or a doctor.
— The working class “have little control over the content of their work” and “aren’t the boss of anyone” They make up the majority of the U.S population. They are seen in service or government industries.
^^ I made minor adjustments to the first section regarding the working class
— The working class “have little control over the content of their work” and “aren’t the boss of anyone” [Page 130] They make up the majority of the U.S population. They are seen in service or government industries. The only way a working-class citizen may live like a middle-class worker is by consistently working overtime. See example on page 132 regarding a unionized worker.
— These interactions yield economic and perceptive equality.
— Inheritors of wealth and victims of poverty learn they do not share the same in-groups. There is a line drawn between the rich and poor, owner and worker, and as Karl Marx noted, the “bourgeoisie” and “proletariat.” ( Power Point Sociological Problems Slide 38)
— Chances of life-long success are distributed unfairly. The top 20% inherit 84% of their riches, while the poor inherit -6% (in other words, debt)(Power Point Silver Spoon of Inheritance Slide 15).
— Due to denial of the proceeding stain from the history of American economic inequality as well as denial of ones own advantages in life, the poor are looked down upon as lazy and lacking talent. Additionally, the rich perceive themselves as hard-workers and financially wise. However, the truth is, it takes money to make money (Power Point Silver Spoon of Inheritance Slide 16).
— The underlying theme of the outcome of this interaction:
— Continued exploitation of the working class by capitalists. Corporations threaten to take away jobs and give them to countries with lower wage laws and little to no government tax regulations or interference (see pdf textbook The Global Economy, the Privileged, and the Working Class section When Your Dog Bites You page 62 and 63)
— A fading middle class (see powerpoint The Vanishing Middle Class)
— The rich getting richer and the poor getting poorer (see graph for slide 8 Silver Spoon powerpoint)
also—And I may have confused you by putting President twice in the first section “Capitalists being at the top of the work chain (CEO, CFO , COO, President, members of Board of Directors such as President or Vice-President”
By the first president, I meant President of the United States, so you can make that correction.
I also have notes that you can refer to, whoever accepts this answer; I will send them pictures!