SOC 1101 Lecture 24: 24 October - Social Inequality
Document Summary
How can we explain social inequality and how it changes: rich become richer and poor become even poorer, thomas piketty"s capital nyt bestseller share of income that goes to rich (top. 10%) is a major chunk of national income: post world war ii top 10% income decreased, has slowly increased, one key factor driving inequality: r > g r is returns to capital; g is economic growth. What are defining characteristics of capitalist mode of production: bourgeoise, or capitalists, own means of production, proletariat, or workers, own only their labor power.
