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Money's Role in Our Society
Money's Role in Our Society
Money's Role in Our Society
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Villacorta, Robert SOC55 Assignment# 2 In modern society (metropolis), our whole system is based on the monetary system. In order for the capitalist system to work we give money a value in order to exchange goods amongst each other. Nothing is free in our society and everything is tied to money. According to Simmel Marx, “The calculative exactness of practical life which the money economy has brought about corresponds to the idea of natural science: to transform the world into an arithmetic problem, to fix every part of the world by mathematical formulas” we base our whole social interaction based on math, which is connected to money. Based on our society; money can direct what kind of social relationships we have with each other and whom we choose to socialize with. Areas of low-income …show more content…
People who are associated with high income areas seem to be more acceptable for social interaction. Wealth is the state of being rich, prosperity and successful; having the opportunity of luxury means less monetary struggles, which links happiness to certain individuals. Prosperity and financial freedom can stimulate how we interact with each other, versus people who are oppressed by their financial responsibilities. Another example of money affecting the dynamics of intimate social interaction is financial stability and the success of a monogamous relationship. Prior to the monetary system, human beings associated natural characteristics to survival; which is the reason for intimate physical attraction. In today’s society, survival is based on income, Money determines the quality of food, lifestyle, social status, and providing the necessary recourses for our offspring. Marx states in his essay “All intimate emotional relations between persons are founded in their individuality, whereas in rational relations man is reckoned with like a number, like an element which is in itself indifferent” personality and physical qualities are
Does it matter what your social and economical standings are, and do they play a role in if you will succeed in life? The importance of this essay was to talk about the different viewpoints and to argue the point of succeeding and social statuses. I
In the documentary of Jamie Johnson, “Born Rich,” Jamie has interview some rich teenagers who inherited their wealth like him. Johnson ask himself what he ever did to have the life he has having millions of dollar. He says that all he did was inherit it. Johnson says that it is not polite to talk about money. Social inequality for Johnson in this is about the wealth of people.Johnson and the other teenagers were born rich. They had inherited their money from their ancestors. All of them and their families have private properties and millions of money. Rousseau says that “social inequality is a result of privileges and uneven access to resources and will eventually lead to social ills.”(238)
One had always seemed to know their role in society. It was Marx who believed that this was true due to a capitalistic economy. One’s wants and needs were different from society to society. For instance, a person with a higher social status would not have the same needs as a peasant living on a farm would. Marx felt that human nature could not be changed in contrast to what many economists believed. In a capitalistic economy, men were the ones who received the wages while women earned little to nothing.
Indeed, money may be an abstract concept but it is also the foundation of capitalism. The dollar can connotes a strong patriotic feeling but it can also connotes a mean of wealth. In return of this piece of paper you can acquired different product, it then allows you to be a part of the capitalism system that is ruled by money. It gives you the illusion that you have a certain power because you are in possession of money, but in fact the society is constructed in order that you spend this money. This is the definition of ideology that gives Karl Marx. According to him, ideology is an illusory knowledge, a false consciousness. In a capitalism system, the power is detained by ruling class that will makes you think you are free, when in reality you are under their control. This theory has been illustrated in the movie ‘They live’, where they depict the capitalism society and its impact on the citizens.
society. Much of the world today is based on materialism and the worth of one’s
For my essay, I will write about the effects wealthy people have on society. I will determine how money ranks their classification, and what social standards have become over time. I will go into explanation about how society feels (upper and lower class feelings), what lower class people think should be done money wise, and what upper class people believe is right. I will determine how someone becomes rich or what is classified as wealthy and what advantages they have over the poor, or if it is just a myth that richer people live life better. I will determine if the money someone has makes their child smarter when it comes to learning or if home background doesn’t have a play in education; because in today’s society, the world revolves around money, social status, and classification; it isn’t based on what someone wants for themselves, earns, or what one feels is right for their needs, instead it is a competition to rise to the top, but why? How does wealth have such a big impact on our society and why is money what determines social status and class?
Few of us can deny the importance and power that money has in our society. It is difficult to think of issues that affect us on a daily basis, that does not involve money. But where does this fixation on money originate...
Marx is able to demonstrate the consequences that result from transforming values into productions suited for profit, as he writes, “This boundless greed after riches, this passionate chase after exchange-value is common to the capitalist and the miser; but while the miser is merely a capitalist gone mad, the capitalist is a rational miser” (Marx 63). There is no sense of abhorrence for a particular individual in Marx’s interpretation of capitalism and instead focuses on the capitalistic economic structure. However, it is through this quote that a sense of inequality starts to emerge. As a result, a hierarchy is produced, creating an enduring structure of capitalism, where those who control the circulation of money are granted unlimited power. This has become evident in recent years, as in 2008, a social power analysis by Dr. John S. Atlee and Tom Atlee was published. In “Democracy: A Social Power Analysis” Altlee describes the power of money and status as he states, “People with lots of money, muscle, status, intelligence, etc., can usually successfully influence other people. In most (but, significantly, not all) circumstances, they have more social power” (Atlee). Economic power is proven to be pivotal in attaining another individual’s attention and status of capability. Thus, the capitalist is free to develop their own sense of
Through out history money, wealth and capital have dictated a way of life to the masses. Wealth dictated the lives that the rich lived and the lives of the poor that worked for and surrounded them. In some cultures your class could never be escaped in life, you had to wait for your next incarnation, while in other cultures the idea of wealth transcended a life and allowed for growth from one class to another. This is the reality of a capitalist society that was first discussed by Karl Marx in the 19th century.
Money as a determinant for subjective well-being is influenced by several cultural influences. For example, Dittmar (2008) points out a study on UK and Croatian students that revealed more materialistic inclinations in UK students who were more subject to lower well-being in case of conflicts between material and community values. Based on this study, it is possible to make a conclusion that society defines the value of money and its effects on human psychology. If learning theories suggest that cognitive patterns and paradigms form during childhood when the child is exposed to and accepts external ideas, that explains how people from different cultural backgrounds can perceive the value of money differently and form different motivations for making money.
It is easier for wealthy people to pay for their needs, such as health care and dental care. If any abrupt situation approaches dealing with their health, a wealthy person will be financially stable to pay and fix it. According to an article, "Happiness Around The World: Is There More To It Than Money?" by Bozionelos, Nikos, and Ioannis Nikolaou, “One would expect that money is more important when it helps meet basic needs, and this should be especially true in poorer nations. However, as already seen, the relationship between income and general life satisfaction was mainly explained by whether material aspirations (such as buying luxury goods) could be fulfilled.” In other words, one’s concept of happiness can vary from nation to nation. For example, people living in poor nations and having a low income tend to be satisfied by having just enough to meet their necessities. While, on the other hand, people with higher income tend to be satisfied if they have enough to buy luxury goods. Being wealthy does not lead one to happiness; it can help some people to obtain happiness, but it can also lead others to have unwanted experiences. Having a minimum amount of money is necessary to be happy. Having the minimum amount of money to pay bills, have medical assistance, buy groceries, and clothing is considered as the basics needed for one to be happy. Money is a tool that can help a person obtain objects that can help him or her to have a comfortable life. However, money should not become the reason why a person is happy. Happiness comes within a person as a human being and money will never replace a friend, nor a loved
The theories of David Ricardo, John Locke, John Stuart Mill, and later, Karl Marx, in the 18th and 19th century built on these views of wealth that we now call classical economics and Marxist economics. Michel Foucault commented that the concept of Man as an aggregate did not exist before the 18th century. The shift from the analysis of an individual's wealth to the concept of an aggregation of all men is implied in the concepts of political economy and then economics. This transition took place as a result of a cultural bias inherent in the Enlightenment. Wealth was seen as an objective fact of living as a human being in a society. Some people believe wealth is a zero-sum game, where there is a limited amount of wealth and some must lose in order for others to gain. As a result they are concerned primarily with issues of wealth distribution rather than wealth creation. Others believe that wealth can be readily created. They feel that wealth is not a fixed amount to be distributed. To most of these people, organizing a society so as to optimize the growth of wealth is more important than distribution issues. Many of these people believe in some version of the trickle-down theory in which newly created wealth "trickles down" to all strata of society, thereby making the question of distribution mute.
Money, the media of exchange for products and services, provides things people need, like food, clothing, shelter, or medicine. People spend most of their life looking for it. My parent for example, works from sunrise to sunset to obtain it. The more money people have the more benefits they can get, because they will be able to get a bigger and better houses, clothes, or food. Less money means stress in bill payments, gas prices, and food prices. With money, people can fulfill their material need. However, money cannot buy everything such as happiness, friendship and love, health, and appetite.
All of us want to make money to gain some status, some comfort and some luxurious. This money has brought; is bringing; and will bring so many differences between some of you and me. These differences will be later named as differences between the rich and the poor. If I ask you ‘Do you know what is happiness? You would thrillingly and pleasingly answer me YES, OF Course Then lets share some examples of the happiest man. One would experience happiness when a leads a luxurious life. One may also experience happiness when he had expanded his business almost across the globe. One may also experience happiness when he had his meal in the most famous and expensive hotel. One may also experience happiness when he attends honorable parties.
Saving money brings security for any future expenses. The earlier in life an individual begins to save, the better they will be set financially in the years to come. There are several reasons why it is important to save money. A few of these reasons are for emergencies, retirement, and simply for luxury spending. Having money will benefit each of these examples.