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Poverty is a social condition that is characterized by the lack of resources necessary for basic
survival or necessary to meet a certain minimum level of living standards expected for the
place where one lives.
The big five factors of poverty (as a social problem) include ignorance, disease, apathy,
dishonesty, and dependency. These, in turn, contribute to secondary factors such as lack of
markets, poor infrastructure, poor leadership, bad governance, under-employment, lack of
skills, lack of capital, and others.
Inequalities are not only driven and measured by income, but are determined by
other factors - gender, age, origin, ethnicity, disability, sexual orientation, class, and
religion. These factors determine inequalities of opportunity which continue to
persist, within and between countries.
4. What different types of poverty exist?
Situational poverty - job loss, a divorce, or maybe a health crisis that caused you to be
economically unstable
Generational poverty. - you are born in a pamily that has lived in poverty for at least 2
generations
Absolute poverty - lack of resources, including food insecurity, homelessness and lach
of health 1.9 dollar om dagen
Relative poverty - living at about 50% or below the average income
Urban poverty - structural issues such as housing and safety issues, overcrowding, and
sanitation.
Rural poverty - often isolated and lack access to technology, childcare, and education
Two Main Classifications of Poverty – Absolute vs Relative Poverty.
5. What is racism?
The belief that race is the primary determinant of human traits and capacities and that
racial differences produce an inherent superiority of a particular race
institutional racism
systems of society - one system
education system- funding to scool is based on local property taxes, median net worth
of houses will determine what this tax will be, communities with high property value
will have more funding for their school
this can also be seen i how students are treated. black kids are more likely to be
suspended than white kids.
in the fostercare system we see that white kids represent 52 persent of the kids
population and 42 percent of the kids in fostercare while black kids only reperesent 14
percent of the kids population they represent 24 percent of forsterkids in the country.
The black kids are also more likely to be adoped later of have several placements.
criminal justice
innocent black people are more likely to be convicted for crimes than white people
12 times for drug crimes
health care shows that woman are diagnosed with breast cancer later if they are black
housing
structual racism
laws, rules, or official policies in a society that result in and support a continued
unfair advantage to some people and unfair or harmful treatment of others based on
race:
The Finance capitalism that we see in the world today through the many institutions that
primarily pursue profit from investments in currencies, stocks, and financial elements such as
bonds. The financial institutions that trade on this level in society have become a real power
factor in society and their actions influence decision-makers of the governments and world
banks around the world. Their reaction to interest rates, inflation and deflation needs to be
taken into account at all times. This was not anticipated in the original idea of capitalism but
is a reality that can be seen as both a positive and a negative in the world today.
Mediterranean capitalism
Asian capitalism
10. What is global capitalism? Who are the main actors of global capitalism
Global capitalism, the current epoch in the centuries-long history of the capitalist
economy, is heralded by many as a free and open economic system that brings people
from around the world together to foster innovations in production, for facilitating
exchange of culture and knowledge, for bringing jobs to struggling economies
worldwide, and for providing consumers with an ample supply of affordable goods.
But while many may enjoy benefits of global capitalism, others around the world -- in
fact, most -- do not.
11. What is the ASEAN community