State of Working in America

Q1-Look at the following table from the State of Working America and explain what is
represented from the four perspectives as above. Explain your answer thoroughly.
your understanding of the critiques of the marginal productivity theory of distribution. Pick
three assumptions from the following table (column 2) or from the book (pages 386-396).
The table is a very incomplete representation of some of the facets (or the column headings)
of the assumptions that you will cover in your answer. 2
• Write out your answers to explain all facets of each assumption (let the other columns
guide you) of each of your three assumptions. The table only provides a promt and an
example of a starting point for your answers.
• Label the critiques of your three assumptions from “part 1” to “part 3.”
• Rely on the text for your answers –they’re in there- but use your own words to explain:
see the file on this Question

Q3- IMPERIALISM, VEBLEN; 7 points. Answer two of the three questions. According to
Veblen, capitalists rely on two principal means of cultural discipline and social control to
keep profit rates up: patriotism, nationalism, militarism, and imperialism; and emulative
consumption or consumerism.
a. Explain Veblen’s theory that capitalists emotionally and ideologically control the
population on the basis of patriotism, nationalism, militarism, and imperialism? Explain
how this means of control is related to the internationalization of capital and absentee
b. Compare/contrast Veblen’s ideas about imperialism with each of Hobson’s, Lenin’s and
Luxemburg’s views of imperialism.
c. What does Veblen mean by pecuniary culture? How do conspicuous consumption and
emulative consumption explain pecuniary culture? How does the capitalist class control
society by using patriotism and emulative consumption or consumerism? How is this
different from Marx’s ideas about the working class?

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