Arestis, P, Charles, A and Fontana, G (2015) Power, Intergroup Conflicts and Social Stratification in the United States: What has the Global Crisis Taught Us? Review of Social Economy, 73 (4). pp. 370-387. ISSN 0034-6764
Abstract
Drawing on early sociological analyses of how power and intergroup conflicts can affect the development of modern economies, this paper investigates how the recent Global Crisis has affected the stratification of the US society. The paper argues that the consumerist society has reinforced the historical stratification of social identities with white men in high-paid, high-social status managerial and financial occupations at the top, and black women in low-paid, low-status service occupations at the bottom. This paper calls for a deconstruction of the neo-liberal individual into a unique combination of identities in a stratified capitalist society in order to reveal how social stratification has evolved during the Global Crisis. The paper finally concludes on the importance of heterogeneous identities in reflecting the diversity of societal and economic interests in order to address the issue of financial stability and sustainability at the corporate and societal levels.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2015, The Association for Social Economics. This is an Accepted Manuscript of an article published by Taylor & Francis in Review of Social Economy on 19 October 2015, available online: http://dx.doi.org/10.1080/00346764.2015.1089109 |
Keywords: | stratification,; financial crisis; identity; policy |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 11 Nov 2015 12:41 |
Last Modified: | 24 Apr 2017 01:00 |
Published Version: | http://dx.doi.org/10.1080/00346764.2015.1089109 |
Status: | Published |
Publisher: | Taylor & Francis |
Identification Number: | 10.1080/00346764.2015.1089109 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:91429 |