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Words: | Submitted: Sat Aug 30 2003
... all power entails honor.'' Power is not the only basis of social honor, and social honor, or prestige, may be the basis of economic power. 'Power, as well as honor, may be guaranteed by the legal order, but... [The legal order] is not their primary source. The legal order is rather an additional factor that enhances the chance to hold power or honor; but it cannot always secure them''. Class is defined in terms of market situation. A class exists when a number of people have in common a specific casual component of their life chances in the following sense: this component is represented exclusively by economic interests in the possession of goods and opportunities for income under conditions of the commodity or labour markets. When market conditions prevail (eg, capitalism), property and lack of property are the basic categories of all class situations. However, the concept of class-interest ...
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