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22 Cards in this Set
- Front
- Back
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Capitalist Class
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Upper class. referred to as such due to the value of assets being the best indicator of division between rich and remainder of the population
the truly wealthy Americans aren't celebrity rich, unrecognizable to general public |
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Old Rich
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Live in anonymity
we know less about the rich than the poor a culture to the upper class, must qualify to enter |
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Development of the Old Upper Class
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families that inherited their wealth,
created close to an aristocracy in America. Social Register> book listing the families of the "aristocracy" exclusive clubs, best schooling provided |
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New Rich
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families who acquire wealth through enterprises they have founded or nurtured
wealth attributed to the increase in technology |
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Privileges of Wealth
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ability to consume anything that money can buy, no limits
avoid inconveniences and chores of everyday life different standards of conduct |
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Power Elite
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The wealthy, along with those in critical decision making positions
have economic, political and social organizations that have wide ranging impact on society |
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Mill's Power Elites
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mills generated the study of the power structure in the US
political, economic, and military circles who make key societal decisions>>socially cohesive group |
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Domhoff's Governing Class Theory
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Concludes upper class is essentially a ruling class
a corporate based capitalist class-manifesting itself most obviously as a social upper class- dominates the american govt emphasizes the social nature of the dominant group corporate rich>>members of the corporate community who sponsor a network of policy formation groups and think tanks that strongly influence govt policy overrepresentation of members of the upper class in significant political positions |
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Dye's Institutional Model
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those who exercise formal authority over institutions that control roughly half of the nation's resources in industry, finance, insurance, mass media, foundations, education, law and civic and cultural affairs
institutional wealth more important that individual wealth, thus, control of institutions is most critical |
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Baltzell: The Conservative Elitist View
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Similar to Domhoff
there exists a ruling class, but unlike Domhoff, this class is seen as socially beneficial and its special privileges as justified elite>top functional leaders of various spheres of social activity upper class> families of established wealth whose members are descendants of elite members of one or more generations ago establishment>ruling class of combined elite and upper class recently the upper class will not accept the new elites who are of different race ethnicity etc. becoming closed off. |
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Horatio Alger Myth
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The idea that anyone regardless of social standing can reach the pinnacle of wealth and power with enough striving and perseverance
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Middle Class
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comprised of upper middle, lower middle, and working class,
make up most of the population most affected by the global economic system bourgeoisie> created as a merchant class as industry replaced agriculture |
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Post Industrial Society
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Characterized by the production mainly of services and information rather than finished goods
majority of workers are white collar rather than blue collar and many are professional, managerial and technical workers society driven by knowledge |
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Upper Middle Class
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White collar workers, hold key decision making positions in various institutions
2 subgroups> professionals and managers (interchangeable) mental work, job autonomy, college degree. liberal on social issues, conservative on economic issues, more political than any other class |
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Lower Middle Class
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broad range of people, commonality in the lack of significant wealth
dependent on jobs for income and don't own substantial assets low power at work |
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Working Class
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blue collar work
little to no wealth, vary in income |
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Middle Class Squeeze
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Bifurication>>ppl in middle class either moving up or down the social ladder, started in mid 1970s
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Economic Restructuring
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Radical shift from what had been a manufacturing based economy to a service based economy with its resultant effects on the labor force
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Global Economy
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a world economic system in which the economies of various politically independent countries are loosely tied together
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Reich's model
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occupational stratification is out of date, new one:
symbolic analyst>professional and mangerial workers (upper middle class) Routine production workers>blue collar workers, repetative work, hourly pay Routine personal service workers>simple and repetative tasks not in competition with similar workers in other countries (competition with machines, not ppl) |
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Outsourcing
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subcontracting of various aspects of production to other smaller companies thereby enabling corporations to reduce their workforce
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Offshoring
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sending jobs overseas
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