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Word Count: 738
It has been argued that the social class system is not as simple or straightforward as it used to be Many years ago the class divisions were quite simple The upper class consisted of Royalty kings and queens there were a few middle class followed by the working class peasants However nowadays the social class system is much more complex Firstly the upper class consists of many different groups of people such as Royalty Capitalists and entrepreneurs and jetsetters They are very powerful and very wealthy members of society A capitalist or entrepreneur is a person known as The Bourgeoisie who owns companies eg Sainsburys Asda etc and has lots of capital money and many people working for them known as The Proletariat Richard Branson is an example of a capitalist or entrepreneur with his Virgin success Richard Bransons Virgin company makes things ranging from coca cola to airlines therefore the company brings in a lot of capital for Branson himself A jetsetter refers to a person who has earned vast amounts of money in the fields of media sport or entertainment For example Elton John and Andrew Lloyd Webber This type of income however is unpredictable and so the wiser ones invest their earnings in capital assets such as land or stocks and shares Secondly there are four types of middle class identity Professionals - such as doctors and lawyers - tend to adopt an intellectual identity gained from a long and successful education They value cultural assets such as knowledge qualifications lifestyle and values and feel it is very important to pass these on to their children Managers in private businesses define success in terms of their standard of living and leisure pursuits However despite high pay and status they are aware that their jobs are more insecure than those such as doctors and lawyers A take-over or reorganisation of the business could lead to the disappearance of
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