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Each generation stands on the shoulders of the past. Economically this can mean that
each generation is reliant on the previous one for its wealth inheritance. This is objective wealth
social value accrued over time. Since wealth is objective only because it has social value,
intergenerational wealth is really a subjective reality based upon ascribed status over time.
Another key aspect of intergenerational inheritance is the purely subjective wealth one
receives, inherits, from elders etc. The modes of production, relation to nature/society, conscious
development, are all inherited by mans past creation (Marx, Avineri, 1968). If man becomes
conscious through production, mans relation to society depends upon his method of doing so.
Groups isolated from accessing the modes of production of the dominate society are isolated
from the common stock of knowledge (Berger, Luckmann, 1966) and are therefore unable to
integrate into mainstream economics due to the division of labor and its relation to a functioning
In removing the Native Americans from their original settlements and their communal
cultural lifestyle the U.S. government forced individualism upon them. Ideally this requires a set
social system which requires access to status through property enhancement i.e. wealth via
capital and markets. Therefore the Indian allotment act was a cultural and social death sentence
he creates and the relationship he has within the larger social organization of production and
division of labor. If personal value is then ascribed based upon the role one inhabits within the
division of labor and ones access to the common stock of knowledge then the value of an
individual is based purely upon subjective definitions of value as allowed through the
The very fact that natives have been segregated into low value land has given them clear
and un-dismissible disadvantages in their ability to accrue wealth and solidify a common stock of
knowledge and devise valuable economy to provide a division of labor which would equip them
with social value and allow them to be viable candidates for acceptance within the dominant
other economic atrocities. The very nature of their land location and the lack of social
organization bestowed upon them as social exiles has prevented them from securing means of
bourgeoisie proletariat interaction to participate in a market that doesnt require a choice between
relative poverty and environmental prostitution. Obviously social institutions such as education
and other pre-requisites to social mobility/ status are a major factor in creating the conditions
that are subject to inequality of environmental conditions as per the status quo general
consciousness of social hierarchical aims and outcasts. If slavery did not boost America so
profoundly, natives would likely have a greater stock in the economic environment thus less
Bibliography
Avineri, S. (1968) The Social and Political Thought of Karl Marx. NY, Cambridge University
Press.
Berger, P., Luckmann T. (1966) The social Construction of Reality. NY, Anchor Books.