SOCI 1311 1st Edition Lecture 18ThinkersI. Karl Marx: Terminologies A. Capitalists/Bourgeoisie: factory and business owners B. Proletariat: Those who work for wages II. Marx's Predictions a. Proletariats vs. Bourgeoisie III.Applying Marx's Theory Today a. Wealth still concentrated among the Elite b. Class conflict continues b.i. workers Vs. managementc. The laws still protect the private property of the rich (Bail out) d. Wall Street Riots of 2011 are an example of Karl Marx's Theories IV.Marx's Critics a. Marx predicted that revolutions were inevitable in capitalists societies b. No middle-class V. Why haven't we had a revolution? a. Workers are better organized b. Unions fight for reform c. Capitalist nations have elements of Marx's theory or communism d. Capitalist class has grown e. Extended legal protections to workers VI. Max Weber's 3 Dimensions of Stratification: Class Status & Power a.i. NOT only class but also status & powerThese 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.b. Stratification Ideology: Cultural beliefs that justify stratificationb.i. Plato said -Every culture considers some type of inequality “Fair”b.ii. Spencer -Used the term “survival of the fittest” to justify the wealth of fewc. Karl Marx Says Capitalist keep wealth & power for a few encouraging stratification c.i. & then they want everyone to believe the poor are lazy (false
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