SOSC 1340 Study Guide - Midterm Guide: Foreign-Exchange Reserves, Antonio Gramsci, Cultural Hegemony

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In marxist philosophy, the term cultural hegemony describes the domination of a culturally diverse society by the ruling class, who manipulate the culture of that society the beliefs, explanations, perceptions, values, and mores. Elaboration: cultural hegemony is the philosophic and sociological concept, originated by the marxist philosopher antonio gramsci, that a culturally-diverse society can be ruled or dominated by one of its social classes. It is the dominance of one social group over another, e. g. the ruling class over all other classes. The theory claims that the ideas of the ruling class come to be seen as the norm; they are seen as universal ideologies, perceived to benefit everyone whilst only really benefiting the ruling class. (http://eureka. ykyuen. info/2010/09/07/the-definition-of-cultural-hegemony/) China the u. s. "s main competitor purchase of u. s. treasury bonds. China has the largest foreign exchange reserve in the world, totaling . 85 trillion at the end of 2010. China experienced an estimated economic growth rate of 10. 3% in 2010.