SOCI 1000U Lecture Notes - Lecture 4: Human Genome Project, Caucasian Race, Negroid
Document Summary
Class = usually used to describe level of economic wealth (although sometimes it is cultural) There are two ways of describing class: Different levels of wealth along a continuum. Class is one"s relationship to the means of production . Inequalities were based on exploitation and subjugation (proletariat workers or bourgeoisie owners) Exists between, within countries, and across countries. 42 richest people in the world now own half the wealth in the world. 8 men own more than the poorest half of the worlds population. 82% of new wealth in 2017 went to the richest 1%. Enough to end extreme poverty seven time over. Usa: wealthiest 20% own 85% of the wealth 2016. World: wealthiest 10% own 85% of the wealth 2016. Canada: top 20% earn 43% of income. In the last 30 years, the income share of the wealthiest 1% increased by 75% The share of the poorest 20% fell by 20% Wealth: top 20% hold 69% of net worth.
