The Corruption of the Banking System

Topics: Working class, Middle class, Wealth Pages: 6 (2186 words) Published: May 19, 2013
How has government policy in the UK affected the tradition class system? Sections

1.Introduction to the class system (Social Structure) of the UK 2.Government and Banking Policies that affect the class system 3.Primary Research

Introduction to the class system (Social Structure) of the UK With an increase in population in the UK, naturally comes a bigger division in the class system, the division is helped greatly by government policies and banking policies that control the way that wealth is distributed. Many people believe that certain government parties are biased towards the upper class. The political party known as the Conservatives or ‘the Tories’ are massively known for this. There are many different policies and concepts that surround and back the phrase, ‘Keeping the Rich, Rich and the Poor, Poor’. The banking system is one of the main controlling factors, as it controls how money is distributed and spent. The class system is a division in the population, divided into three groups, Upper, Middle and Working class. Traditionally the working class was known, as people who worked in ‘blue-collar jobs’ these are jobs that are manual labour. The stereotyped people who work in these jobs are unskilled or semi-skilled school leavers that left school at the earliest legal age. Blue-collar jobs involve jobs such as working on assembly lines, machine shops, steel mills and coal mines. Middle class people are divided into three different sub groups, upper middle, middle middle, and lower middle. Lower middle class people usually work in white-collar jobs this refers to a person who performs professional, managerial, or administrative work, in contrast with a blue-collar worker, whose job requires manual labour. Typically, white-collar work is performed in an office type environment. The middle middle class often consists of people with tertiary education. They may have been educated in either state or private schools. The typical jobs they would be in is include accountants, architects, solicitors, social workers, managers, specialist IT workers, engineers, doctors or civil servants. People in the middle class usually despise the idea of conspicuous consumption instead; they prefer to channel excess income into investments, especially property. The last sub-group of the middle class is the upper middle class; this broadly consists of people who were born into families, which have traditionally possessed high incomes, although this group is defined more by family background than by job or income. The upper middle class are traditionally educated at prestigious private schools. The upper class of the social structure is seen as the most elite of the social structure. People with vast amounts of wealth in this day and age are widely considered as being a part of the upper class, but by definition they are still considered as upper middle class as the majority of them have not been awarded with, Dukedom, a Marquessate, an Earldom, a Viscounty or a Barony, traditionally these are the people who are considered as the upper class.

These images are an example of how the class system works

Government and Banking Policies that affect the class system The government has a key role to play in the class system and the social structure, with help from bias government political parties such as the Conservatives; they can help certain classes maintain their position in society by passing laws and legislations that favour these classes. The Labour party is known to favour the working class people, as it has for many years. The origin of the Labour party comes from the uniting of trade unions, which were there to help the working class. The Labour party traditionally favour wealth distribution while Conservatives supported policies, which protected the very rich.

A comic example of how the Tories differ from Labour and their views The original ideology of the Conservative Party can be found in their name;...
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