Sunday, May 4, 2014

Three Types of Capital (SB 12)



During class we discussed three types of capital that exist in today’s society. The three types of capital include economic, social, and cultural. All three of these contribute to the social inequalities that are present in society. 

Economic capital is simply the goods that are produced and can be exchanged for value.

Social capital is the network of social connections that exist between people, and their shared values and norms of behavior, which enable and encourage mutually advantageous social cooperation. An example would be: You volunteer in the city parks dept. and others recognize this as a good thing and are inclined to be nice to you. A mayor attends nearly all local football/basketball/ games, shows up at most church dinners, and shows up at fires and other vents, then, people give him credit for being involved and he continues to get re-elected. Negative affect on you social capital account would be like the Limbaugh fiasco. He called an educated, young woman and slut on national radio. He has garnered a great deal of negativity. Or take the actor Kirk Cameron, who uses his time in the national press to do nearly the same thing-- striking out at gay marriage.


Cultural Capital is the ability to contribute to a society via jobs, good citizen conduct, and other positive attributes. Cultural capital also involves your knowledge of your culture, customs, trends, rules, etc. So, this is going to depend on your country, and region within it. Your city, college, school, whatever. It can be on different levels. An example of this would be, kids from homes with books and parents that encourage them to read have the kind of learning that fits the school culture so when they attend school they already have some cultural capital that helps them fit into and benefit more easily from the school culture.

Overall, the three types of capital that exist can greatly affect the inequalities presented in society.