[SOC 100] - Final Exam Guide - Everything you need to know! (45 pages long)
29 Mar 2017
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Industry (workers) the system of production and those who work in it (causing stuff to be made) He likes the people that are out there making stuff. Business (bourgeousie) its a negative term economic ogilarchy (people in power) who do not contribute directly to procution, but manipulate production and markets to make profit. People that make money off of people making stuff. The bankers have become much more involved. Ceo"s who collect huge sums of money. Lawyers who help the big corporations in ways that he feels are bad for. Some people argue that economic inequality results because people make unequal contributions and are rewarded accordingly. Unequal contribution = unequal compensation, which seems fair. Not everyone that makes more of a contribution are getting more money. Our current inequality is far greater than needed to provide incentives and that the current degree of inequality creates significance harms. He is not arguing for full equality total socialism, utopianism.
