SOCI 142gm Lecture Notes - Lecture 1: Asian Americans Advancing Justice - Los Angeles, Los Angeles Times, Fannie Mae
Document Summary
Capitalism: private ownership means of production profit economic decisions, free market. Capitalist: own and control the means of production. Your interests are affected by your class position. Workers have common interests: wages raise, working conditions. The protestant ethic and spirit of capitalism (1904-1905) Power elite control society - democracy is a myth. Charles darwin (1809-1882) the origin of species 1859 evolution. Adaptation and integration city and society. Adam smith (scotland, 1723 - 1790), wealth of nations. He intends only his own gain, and he is in thisled by an invisible hand . By pursuing his own interest he frequently promotes that of society . Competition: space, occupations benefits society, individual benign. Private property @ fair market value public use. Housing act of 1949 - private developers. We went through the black section between minneapolis and st. paul. Took out the home of every black man in that citynice little neat black neighborhood, with their churches and all.
