Sociology Week 4 Notes
Sociology Week 4 Notes soci 243
Popular in sociology, race, class and gender
Popular in Liberal Arts
This 2 page Class Notes was uploaded by Ariel Kamen on Monday February 29, 2016. The Class Notes belongs to soci 243 at Towson University taught by Miho Iwata in Winter 2016. Since its upload, it has received 26 views. For similar materials see sociology, race, class and gender in Liberal Arts at Towson University.
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Date Created: 02/29/16
2/23/16 Capitalism • Promotes inequality and a host of social problems the object — profit, NOT enhancing of the human condition Socialism • depends on five basic principles 1. Democratism 2. Egalitarian 3. Community 4. Public ownership 5. Common purpose Marx’s Prediction 1. The inevitability of monopolies 2. Lack of centralized planning 3. Demands for labor — saving machinery 4. Control of the state by the wealthy 5. The revolution — rise of proletariat to bring about a new economic system The U.S. Economy • The concentration of corporate wealth — Monopolistic Capitalism shared monopoly — Megamergers Time, inc., and AOL jointing with Warner Communications etc. — Interlocking Directories — Consequences of Media Monopolies media shape what we think and do definition of social problems eliminating diversity in opinions uncritical information — play safe disseminate propoganda Transnational Corporations • Large Corporations gain economic and political power — total sales of some corporations each expected the GDP of Indonesia (4th most populous country) • Assets of US corporations in other countries — it makes the rate of profit higher • Consequences • Decrease in semi and unskilled jobs • Higher unemployment rate induce increase in welfare costs • Increase in discontent among people in the working class C.W. Mills — Power Elite • A small group of people who control disproportionate amount of wealth privilege and access to decision — making of global consequence • Within American society, major national power resides in the economy, the political and the military domains and among those elites who controls them
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