We could not say we know well about working class and middle class, but we are familiar with them. We meet people in working class every day in our daily life, such sales, cashier, taxi driver, etc.; and we know some middle class people around us, lawyer, professor, doctor, etc. However, we do not know about or even never see ruling class “as a small elite among the capitalist and their top allies in politics and culture” (Zweig, 2001, P.17). Although they are rare of them, “no more than 2 percent of the labor force. (Zweig, 2001, P.14)” They share almost total distribution of social wealth, earn largest profit from economic growth. And then their “economic power finds its way into enormous influence in politics as well.”(Zweig, 2001, P.10)
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The 50 wealthiest people in Canada are worth $177,925,917,638 in total, weight more than half of $230 billion. “Among the nation 's wealthiest, the Thomson and Weston families have seen some of the most dramatic upticks in their fortunes. The Thomsons, who count news behemoth Thomson Reuters in their portfolio, along with a majority stake in the Globe and Mail”; Grocery magnate Galen Weston family bringing the Weston worth to a tidy $10.4 billion and the second place on the wealthiest list. (2013, “Meet Canada 's Stinking Rich”) For the rest of people on the list, they are no doubt take charge of different domain. Biggest retail, financial service, retail, oil and gas, pharmacy, structures, utilities, etc. These tell us evidence of that power is always concentrated in the very largest financial, manufacturing, service, and transportation companies. (Zweig, 2001, P.15) On the other hand, we notice that more than a quarter of the list is made up of families instead of individual. It says that structure of social class, economic power and influence on political have been set years ago. Your class position is affected or may already decide by your …show more content…
As much as wealth accumulate among capitalists, this wealth starts to buy them political power. It is fairly common to see income or wealth become a key issue in the federal election. People at the top heap of wealthiest list support the political part who can benefit them and protect their power. So most of policies are made for those tiny amount of people in upper class and left the middle class and working class behind with little job security, higher in debt in many instances. The rich get richer while the poor get poorer. It is true people in working class earn more than ever before, absolute income level rise. Significantly promotion on Social wealth fare and quantity of living are going on in Canada. However, these lovely appearance cannot hide big gap between the poorest and the richest. In fact, the gap widened during past decade. Inequality in Canada for both income and wealth has increased over the past 20 years. Causes imbalance division of power at the same time. If things going worst, diminishing economic growth leading to increased social tension will
The 50 wealthiest people in Canada are worth $177,925,917,638 in total, weight more than half of $230 billion. “Among the nation 's wealthiest, the Thomson and Weston families have seen some of the most dramatic upticks in their fortunes. The Thomsons, who count news behemoth Thomson Reuters in their portfolio, along with a majority stake in the Globe and Mail”; Grocery magnate Galen Weston family bringing the Weston worth to a tidy $10.4 billion and the second place on the wealthiest list. (2013, “Meet Canada 's Stinking Rich”) For the rest of people on the list, they are no doubt take charge of different domain. Biggest retail, financial service, retail, oil and gas, pharmacy, structures, utilities, etc. These tell us evidence of that power is always concentrated in the very largest financial, manufacturing, service, and transportation companies. (Zweig, 2001, P.15) On the other hand, we notice that more than a quarter of the list is made up of families instead of individual. It says that structure of social class, economic power and influence on political have been set years ago. Your class position is affected or may already decide by your …show more content…
As much as wealth accumulate among capitalists, this wealth starts to buy them political power. It is fairly common to see income or wealth become a key issue in the federal election. People at the top heap of wealthiest list support the political part who can benefit them and protect their power. So most of policies are made for those tiny amount of people in upper class and left the middle class and working class behind with little job security, higher in debt in many instances. The rich get richer while the poor get poorer. It is true people in working class earn more than ever before, absolute income level rise. Significantly promotion on Social wealth fare and quantity of living are going on in Canada. However, these lovely appearance cannot hide big gap between the poorest and the richest. In fact, the gap widened during past decade. Inequality in Canada for both income and wealth has increased over the past 20 years. Causes imbalance division of power at the same time. If things going worst, diminishing economic growth leading to increased social tension will