1.What is the distinction that Reading 4.3 makes between owners and employees? Give an example of each.

– The distinction that reading 4.3 makes between owners and employees is that the capitalist class people or owners in this case lives off owning assests and investment and working class lives off working for wages or salary from their bosses. Most of the working class people is working for the capitalist class people to make their income .

2.How do you understand the quote by Adam Smith on pg. 28? What is it saying about labor?

-Adam smith is basically trying to say that without labor or the working people there isn’t any real profits an industry or a company is going to make and without production they won’t have anything to sell to make money and contribute to the economy.

3. What are your thoughts on the main argument of Reading 4.4 that class is NOT an identity?

– My thoughts on the main argument of reading 4.4 that class is not an identity is that class isn’t a personal level, race, gender or idenitity it should be based on class relations.

4.How do you understand the argument Reading 4.4. makes when stating that “class structures are built around a close form of dependency”? What is this close form of dependency, and can you think of an example?

-I agree with the argument that class structures are built around close form of dependency because when you think about it most working people depends on their livelyhood from paycheck to paycheck provided by the higher class.