1. Politics and the Economy
Chapter 11
Politics and the Economy

2. Power, Authority, and Violence
Authority is Legitimate Power
Illegitimate Power is Coercion
Traditional Authority
Authority Based on Tradition
Rational-Legal Authority
Authority Based on Written Rules
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3. Power, Authority, and Violence
Charismatic Authority
Authority Freely and Graciously Given
Threat Posed by Charismatic Leaders
Transfer of Authority
Orderly from One Leader to Another
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4. Types of Governments Monarchies Democracies
Direct
Representative
Universal Citizenship
Dictatorships and Oligarchies
Totalitarianism
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5. U.S. Political System Political Parties and Elections
Democrats, Republicans, and Third Parties
Different Slices of Center
Centrism and Extremes
Third Parties
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6. Which Political Party Dominates?
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9. Voting Patterns Non-Hispanic Whites Most Likely to Vote
African-Americans Next Most Likely
Latinos Least Likely to Vote
Social Integration
Alienation and Apathy
Gender and Racial-Ethnic Gap in Voting
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10. Lobbyists and Special Interests
Special Interest Groups are People Who:
Think Alike on a Particular Issue and Mobilize for Political Action
The Money
Lobbyists are People Paid to Influence Legislation
“Handlers” Bypass Limits
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11. Who Rules the U.S.? Functionalist Perspective: Pluralism
Diffusion of Power Among Many
Checks and Balances
Women, men, racial–ethnic groups, farmers, factory/office workers, bankers, bosses, etc.
As well as such broad categories as the rich, middle class, and poor
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12. Who Rules the U.S.? Conflict Perspective: The Power Elite
Top Business, Political, and Military Leaders
Ruling Class
Not a Secret Group, Just Similar Backgrounds and Orientations
Which View Is Right?
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13. Power in the United States: The Model Proposed by C. Wright Mills
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14. War and Terrorism Why do Countries go to War? Revenge Power Prestige
Unity
Positions
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15. War and Terrorism The Flesh and Blood of War Terrorism Ethnicity
Beliefs
The Flesh and Blood of War
Terrorism
“Violence intended to create fear in an effort to bring about political objectives.”
Sources “In Perspective” 2003; Belasco 2008; Stiglitz 2008; Statistical Abstract of the United States 1993: Table 553; 2009: Table 485
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16. The Transformation of Economic Systems
Preindustrial Societies: The Birth of Inequality
Industrial Societies: The Birth of the Machine
Postindustrial Societies: The Birth of the Information Age
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17. The Transformation of Economic Systems
Biotech Societies: The Merger of Biology and Economics
Marriage of biology & economics should yield greater surpluses & more extensive trade
Implications for Your Life
Whenever society changes, so do our lives
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19. World Economic Systems
Capitalism
What State Capitalism Is
Socialism
What Socialism Is
Socialism in Practice
Democratic Socialism
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21. World Economic Systems
Ideologies of Capitalism and Socialism
Capitalists and socialists paint each other in such stark colors that:
Each perceives the other system as one of exploitation
Criticisms of Capitalism and Socialism
Convergence of Capitalism & Socialism
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22. The Globalization of Capitalism
A New Global Structure and the Global Oppression of Workers
Stagnant Paychecks
Trends in Leisure
Telecommuting
The New Economic System and the Old Divisions of Wealth
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23. The Globalization of Capitalism
High insecurity with layoffs, plant closings, and the prospect of more of the same
Half of the entire country’s income goes to the richest fifth of Americans
Only 3 percent goes to the poorest fifth
The Global Superclass
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25. The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
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26. A New World Order? Trends Toward Unity Strains in the Global System
Perhaps the key political event in our era is the globalization of capitalism
Strains in the Global System
As the economic and political arrangements of the present give way;
Future generations will face a new world
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