SOC101Y1 Lecture Notes - Lecture 9: Hyperinflation, Iqvia, Social Stratification
Document Summary
Soc: social stratification part 2 lecture 9. Functionalist theory says that inequality is necessary for smooth functioning of society. Marx theory says the exact opposite: inequality is unnecessary and will one day cease to exist. Neither theories fit the facts well; a reasonable approach is max weber"s view that social stratification is complex (not just about social classes; involves honour, prestige, power) You can have different types of classes that are structured by these criteria and may be correlated: your economic position does not necessarily determine your power. One sphere of stratification may influence others: e. g. possible for a population to gain control over government and pass laws over distribution of wealth; this is turn affects who is wealthy and who isn"t. What is fair in terms of equality: when prices go up over time, inflation takes place; in canada, inflation goes up 2% per. Inflation: too much money chasing too few goods and services year.
