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CLASS OPPRESSION & PRIVILEGE. By Professor Jos é Alamillo CES 101:Spring 2008 01/16/08. What is Capitalism?. Capitalism as a rational individual attitude (Max Weber) Capitalism as “free trade” or series of exchange transactions (Adam Smith
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CLASS OPPRESSION & PRIVILEGE By Professor José Alamillo CES 101:Spring 2008 01/16/08
What is Capitalism? • Capitalism as a rational individual attitude (Max Weber) • Capitalism as “free trade” or series of exchange transactions (Adam Smith • Capitalism as mode of production that requires exploitation of workers (Karl Marx)
Marx’s Theory of Capitalism • Mode of Production: Feudal Mode (lord-serf ) Slavery Mode (master-slave) Capitalist Mode (employer-worker) -industrial capitalism -Monopoly Capitalism • Means of Production/Relations of Production • Two classes: capitalists (owners) & proletariats (non-owners) who sell their labor to capitalists • Surplus Labor/Necessary Labor = Profit or Rate of Exploitation
What are Social Classes? • Social class is based on POWER • Social class is based on STATUS or Social prestige that determines one “life chances” (Weber) • Three Classes in U.S. society: (1) upper class (2) middle class (3) working class
What is the Middle Class? • Lack of consensus on the definition • families with incomes between $19,000 and $91,000 each year • Middle class is made up of three classes:(1)lower (2) middle (3) upper middle • Four criteria: (1) income (2) wealth (3) education (4) occupation
Class Inequality in America: Income Share of total income received: Top %5 make more money than bottom 40%
Class Inequality in America: Wealth The ratio of the wealth of the richest 1% to that of a household with typical wealth in the middle.
Class Inequality in America: Education 3/4 of the students at the most elite private colleges come from upper middle-class families. Only 5% come from families with household incomes under $35,000.
What is Class Privilege? • Class standing and life chances are largely determined at birth (1 out of 5 surpass their father’s income) • Inherited privilege matters more today because mobility has declined since 1970s • People do not choose to be poor they are limited & confined by capitalist system • What is your position within the class structure?
Declining Social Mobility Percent Chance of Moving up the Ladder From Bottom to Top Income Quarter, 1960s and 1990s