How capitalism perpetuates global wealth inequality and class stratification

Power/Stratification

Power and Stratification: The Perpetuation of Social Inequality under Global Capitalism

Stratification is defined as a social strategy of structured inequality where one group rules over another, economically, or politically, or usually both. This can be seen on a national level, in America, where wealth and political influence go hand in hand, and how America's wealth has translated into its continued international influence -- at least, as long as the dollar does not fall too much farther. Of course, class stratification has existed since time began, according to Marx, even before capitalism. But capitalism has defined class in terms of wealth, and solidified the existence of the class system. Worse yet, in a superficially democratic system the illusion of meritocracy is created through the ideology of the rhetoric that 'anyone can succeed so long as he or she tries hard enough.' But the rich continue to get richer, and the poor continue to get poorer, in America, and throughout the world rich nations get richer and poor nations get poorer.

Social power without capital under capitalism does not exist, unlike previous eras where, for example, the medieval church exerted great influence over policy as a class, in greater proportion than the (not inconsiderable) wealth it held. However, today, land, capital, and the ability to make money off of money are the primary means by which influence is leveraged. Having money perpetuates money. This is how rich hold onto their places in the social hierarchy.