Sociological+Analysis+of+Social+Problems+_1004_

Sociological+Analysis+of+Social+Problems+_1004_ - Work and...

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Unformatted text preview: Work and Unemployment Collect 4 th reaction cards What is “Som”? What’s your opinion on it? What is “Capitalism”? What’s your opinion on it? • Capitalism Goal: individualistic and liberal competition for maximizing profit-private individuals or groups invest capital to produce good and services for a profit in a competitive market-individual freedom>social equality • Capitalism-People are motivated by making profit-the supply and demand determine prices and wages (example: the working poor)-the absence of government intervention in the economy • Problems of Capitalism-alienated workers-poor working conditions-near-poverty wages-unemployment-a polluted environment-world conflict over resources Som Goal: fix the problems of Capitalism-the means of producing goods and services are collectively owned-Goods and services are distributed according to the needs of citizens-Collective well-being > individualistic pursuit of profit Problems of Som-lacking the motivation of work (free-riders) There are no pure sot and capitalist economies (most countries incorporate elements of both systems) Example: U.S. economy Where can we find the som element? • Industrial Revolution (the mid-18 th ~the early 19 th century) •...
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This note was uploaded on 11/16/2011 for the course 920 103 taught by Professor Staff during the Fall '08 term at Rutgers.

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Sociological+Analysis+of+Social+Problems+_1004_ - Work and...

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