Download - Economic Social Institution
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Economic Social Institution
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Social Structure in a Gesellschaft Society
Culture, Race/Ethnicity, Gender, SexualitySocial Class (SES = OIE), Religion, etc.
• Statuses
• Roles
• Groups
• Institutions
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Social Structure
• John– Black, Male, AA degree, Auto Mechanic, 48 years old
• Lisa– Black, Female, MA degree, Social Worker, 29 years old
• Joe– White, Male, HS drop out, Single, No Children
• Mary– Latina, Female, HS drop out, Single, Two Children
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Capitalism
1.) private ownership of companies2.) profit driven3.) market competition
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CapitalismFree Enterprise or Free Market
• Laissez-Faire Capitalism– Unrestricted (anything goes)http://www.youtube.com/watch?v=bFH6fpxzTBU&feature=related
• State or Welfare Capitalism– Regulated by government– Economic Freedom Index
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Capitalism & Modern Societies• Marx
– Alienation
• Weber– Iron Cage
• Ritzer– McDonaldization of Society
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Capitalism SocialismPrivate ownership Gov’t controlledProfit Driven Profit immoralMarket competition Competition immoral
Good GoodIndividual Rights Greater Equality
Not So Good Not So GoodGreater Inequality Less Personal Freedom
Culture: what does a country value more? Freedom (capitalism) or Equality (socialism)?
Meritocracy tied to CapitalismAnyone can be successful if they work hard enough.
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Mixed Economic System or Convergence Theory
Expansion of capitalism depends on creating consumers
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Globalization of Capitalism
Structural Functionalism Variety and selection of inexpensive products Creates employment in developing countriesCreates greater global interconnection
Conflict Outsourcing of industries and jobsAbuse of environment and workersGlobal superclass (multinational corporations)
http://www.screencast.com/users/rpsoc/folders/Jing/media/5130f8be-8dc7-418c-81c2-6c4a29073fda
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Corporate Capitalism Multinational Corporations
Monopolies and Oligopolies
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University of Zurich (Switzerland, 2011)“Concentration of power is not good or bad in itself but the core's tight interconnections could be. As the world learned in 2008, such networks are unstable. If one [corporation]suffers distress this propagates.”
http://www.screencast.com/users/rpsoc/folders/Jing/media/c06ff27a-0dd5-4f15-8f31-8f5613e6550c
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Jobs: Consumption Over Productionhttp://www.pagetutor.com/trillion/index.html http://brillig.com/debt_clock/Federal Budget: http://www.washingtonpost.com/wp-srv/special/politics/presidential-budget-2014/
Conspicuous Consumption and Planned ObsolescenceLatent Function: employmentLatent Dysfunction: debthttp://www.npr.org/blogs/money/2012/03/20/149015363/what-america-does-for-work
Health of the EconomyGDP and Budget, Employment, Median Income, PovertyWorld Fact Book (GDP)https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html?countryname=United%20States&countrycode=us®ionCode=noa&rank=2#us
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Consumption • Meaning of life is in
things we possess
• Does not to satisfy real needs
• Buying things will allow one to become something they could not otherwise be
• Satisfies artificially created desires
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Bureau of Labor Statistics, Unemployment: March 2014
All 6.7 Males 6.2 Females 6.2By Race/Ethnicity Only By Education OnlyAsian 5.4 Less H.S. 9.6White 5.8 H.S. 6.3Hispanic 7.9 A.A. 6.1Black 12.4 B.A. + 3.4Over Time Unemployment: http://data.bls.gov/pdq/SurveyOutputServlet Labor Participation Rate Over Time: http://data.bls.gov/timeseries/LNS11300000 State: http://www.bls.gov/web/laus/laumstrk.htm
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Poverty: U.S. Census – 2012 Poverty Line Family (4) $23,492. Federal Minimum wage $7.25/hr.
Overall Poverty 15% or 46.5 million
Race/Ethnicity Asian 12.3White 9.9Hispanic 25.3
Black 26.7http://www.census.gov/newsroom/releases/archives/income_wealth/cb13-165.html
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Poverty: U.S. Census – 2012Households
Married-couple families 6.3Male householder 16.4Female householder 30.9
AgeChildren 21.8Seniors 9.1
For every $1 earned by men women earn .77 http://www.census.gov/newsroom/releases/archives/income_wealth/cb13-165.html
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Median Income: U.S. Census - 20121999: $55, 627.2011: $51, 100.2012: $51, 017.
Asian $68, 636. White $57, 009.Hispanic $39, 005.Black $33, 321.
http://www.census.gov/newsroom/releases/archives/income_wealth/cb13-165.html