TY - JOUR
T1 - Power, intergroup conflicts and social stratification in the United States
T2 - what has the global crisis taught us?
AU - Arestis, Philip
AU - Charles, Aurelie
AU - Fontana, Giuseppe
PY - 2015
Y1 - 2015
N2 - 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.
AB - 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.
UR - http://dx.doi.org/10.1080/00346764.2015.1089109
U2 - 10.1080/00346764.2015.1089109
DO - 10.1080/00346764.2015.1089109
M3 - Article
VL - 73
SP - 370
EP - 387
JO - Review of Social Economy
JF - Review of Social Economy
SN - 0034-6764
IS - 4
ER -