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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
While the idea of money as being so important in daily life in the modern era is not a concept that is given much thought, it is very important to realize that this is not exactly a new concept. It was as important during the medieval period in the time of Saint Francis of Assisi. Wealth, in many cases of modern times and medieval is seen as both the main factor for running the world as well as its downfall. It is something that no matter the period we as humans understand and use to classify the world in both abstract and in more literal ways.
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
What is wealth to the American people?“They say money is the root of all evil, I see money as the root of all people”- Joey Bada$$. Money does truly run the entire world, and is the reason why most wars start. I believe we are able to blame money on people becoming selfish. Before there was a little piece of paper that meant the world to people there was still a currency in place. People used trade instead of cash, however I still believe it to have been a competitive way of trade, people most likely bragged if they had something better than the rest. However, before there was an actual dollar, I think things were better and people were much more generous. If you helped a neighbor, they would help you, or give you a little present that didn’t necessarily have value. Now it usually always equals money. It has changed so much, even just hearing stories from my parents and what a dollar used to mean to them, versus what it means now. We have currency for structure, without a proper currency I don’t think we’d ever get to where we are now,
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...
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.
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?
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.
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.
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
Though separate, all of these variables share a connection that relates them to one another. For example, wealth refers to the assets of a person held at a given point in time (social class variables.pdf) and should not be confused with income which is the inflow of money over a given period of time (social class.pdf). Income is reliant upon ones’ occupation (e.g. white collar/blue collar worker). With that, if a person receives a lengthy amount of income from a high ranked job position, that person may attain high personal prestige; which is how others view someone in terms of respect. Further, within the arena of ones’ occupation, income, wealth and personal prestige, these are all things that lead them into certain agents of socialization, association, gives them certain power, certain social mobility advantages and much more. From this, one can see that these nine variables are closely related in that they all work hand in hand in defining not only a person’s class position, but their class consciousness (how they are aware of themselves as part of a group that shares the same economic and political interests as they
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.
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.