Anthro 205 1st Edition Lecture 5Outline of Last LectureI.Envisioning Powera.What is power?b.Levels of power/ Modalities of Powerc.Observation: Difference Between Tactile and structural powerII.Readingsa.Karen Ho – Liquidatedb.Eric Wolf – Introduction to Envisioning PowerOutline of Current Lecture I. Karen Hoa. Introduction Key pointsb. New form of capitalismc. Why Study ThisII. Graebera. Basics of Neoliberalism ideologyb. Bordieu’s Concept of HabitusIII. Graeber and Hoa. Wall Street’s HabitusCurrent LectureKaren Ho Vs. GraeberKaren Ho – LiquidatedKey Points:These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.- How she got interested in Wall street- 1995 announcement of the split of AT&T- Loss of 100,000.00- Stock of Wall Street investment increased Ho is interested in how corporate jobs are linked to job loss (new form of capitalism).Why Study this?:- These practices generate inequality She is looking at practice – How the system is actualized.Graeber’s Basics of Neoliberal Ideology:- Minimal governmental interference in economy is the ideal- Trade barriers and national protectionist policies should be reduced or eliminated- Social policies should be eliminated “Fear of economics is not isolated from other fears; it is human sized.”Concept of the “Wall”- What are the building blocks of the BIG companies?- How are they built up? Key Ideas that Ho focuses on specific to the neoliberalism subject are:o Schoolso Meritocracyo Status related to education/schoolBourdieu’s Concept of Habitus:“It refers to the physical embodiment of cultural capital, to the deeply ingrained habits, skills, and dispositions that we possess due to our life experiences”(Social Theory Rewired).“It’s not habit. It’s something socially acquired, in a particular group for example, that can be learned through imitation and everyday use.”- This is a very ambiguous term- It cannot be learned as a skill, you must live it to understand it.- “IT extends to our taste of cultural objects” (Social Theory Rewired)Graeber and HoWall Street’s Habitus:Bourdieu believes that there is room to growHo believes this is useful towards Wall Street because it is referent to their culture. o How does Habitus empower people in Wall Street?o They “believe” that There is a lack of racism, gender discrimination, and discrimination in general because they need efficiency, but socialization is a very important context in being part of such an elite group:- Many times women don’t socialize the same way men do.- Spatial Segregation maps onto class, gender and race- Pitch books need to be perfect The point: They aren’t producing anything - They can’t go any further up the “class scale.” Works CitedSocial Theory Rewired. "Habitus." Habitus. Routledge, Member of the Taylor & Francis Group, n.d. Web. 13 Feb.