Saturday, January 4, 2020

The Effects Of Socioeconomic Modernity And Civic Community

Despite its personal effects, money can feel decidedly impersonal in an advanced economy. A young debtor’s obligations, for instance, might very well find its way into a mutual fund her parents own. The idea of civic community, on the other hand, feels infinitely more personal. After all, even members of groups as large as the ACLU can feel a connection with their peers. Although money can feel personal and groups impersonal, most political scientists separate the effects of economic and civic culture when explaining democratization. In his book, for example, Putnam analyzes the effects of socioeconomic modernity and civic community in distinct sections. Researching the two effects separately has advantages – for one, theories with only one explanatory variable become simpler. Yet the same forces leading to the development of civic communities also lead to the development of economic ones, and from such communities spring modern markets. As much as the masses champion small businesses and denigrate big ones, large organizations are essential to a modern economy. For all their missteps, businesses with thousands of employees enjoy economies of scale that let them fulfill crucial economic functions. Replacing FedEx or UPS with a plethora of tiny businesses, for example, would undoubtedly hurt America’s logistics networks. Replacing the Big Three automakers with smaller ones would likewise cause cars to become unaffordable to most. To be clear, small businesses play a vitalShow MoreRelatedThe Effects Of Economics And Civic Culture On A Modern Economy899 Words   |  4 PagesDespite its very personal effects, money can feel decidedly impersonal in an advanced economy. Young debtors struggling to pay their creditors often find themselves playing phone tag with faceless collectors, even though that same debt could very well be funding their parents’ retirement portfolios. 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