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Lecture 7

Sociology II lecture 7.docx

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Department
Sociology
Course
SOCA02H3
Professor
Maggie Cummings
Semester
Fall

Description
Sociology II Lecture 7 Cost of the market  Must be controlled or runs amok and destroys society  Globalization brings “saveage” capitalism  ­or roulette capitalism  communism­ never produce enough to have a “crash” isn’t one communist society were able to produce real wealth they did provide free education,  communist countries that are like Harvard education  pre­market societies  hender market not universal ­exchange based on “moral economies” ­sharing  ­potlatch, gift giving  ­pair price  key motivator  ­status in the group money wealth  sharing society ­everything is shared in society  small scale ­by virtue of membership in community you got food,  worked to fulfill social obligation  everyone gets  members in society  what do we get as an example today? Health care, earn money you get a drug plan  Education is free Germany? Free education in university  We have to share the ocean and the atmosphere  Gift giving (potlatch) Native American are ceremony society  Food and gifts are big In the potlatch, depending on status you will receive gifts more or less High status, more gifts Gift giving  Give to attain status  May or may not imply reciprocity  ­hard to get back more than ou give destroy goods current exampls  ­children give them everything till it hurts that’s self interest destroy goods: g10 city would spend the flowers to dress up the place rockstars, break there guitar and trash their hotel fixed prices  ­tradition  ­magistrates ­food riots if violate exchange expections  ­society is in beded of the market (economy) society runs the economy  what is the market? ­exchange controlled by the market forces  ­“invisible hand” supply and demand theory enter freely and equally into exchange everything treated as a commodity  ­land  ­labour buying and selling time market theory possessive individualism  are inherently greedy  ­seek to accumulate as much as possible inevitable, universal and rational dance of commodities creates an ecological catastrophe ­peasants (etc.) fight to keep maret at arms length  ­rest
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