Intro to PE / better off Flashcards
How does capitalism impact value?
Money as primary form of value, leading to more material wealth
and the Super rich?
Assets-based wealth including property, savings, and shares - make their money work
and what about Primitive Accumulation?
Historical process pushing out small businesses, fostering globalisation
historically what was the role of feudalism in compounding this divide?
Historical economic system intertwined with culture [incomplete]
Education
contributor to inequality or equalizer? Private education perpetuates social networks and class structures.
Labour Market
Rising salaries at the top, wage labor with few benefits at the bottom.
Money Games
Rise in property wealth, philanthropy, and free-market tax policies benefiting the rich
Why is understanding wealth disparity crucial in political analysis?
Political and Economic Dynamics: How does wealth disparity shape power dynamics within societies?
Social Insecurities: In what ways does monetary inequality compound other social insecurities?
Justification of Wealth: What are the ethical and moral implications of wealth disparity, and how are these justified or challenged in political discourse?
