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Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups. [1] [2] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity.
It was developed from his 1995 essay entitled "Bowling Alone: America's Declining Social Capital". Putnam surveys the decline of social capital in the United States since 1950. He has described the reduction in all the forms of in-person social intercourse upon which Americans used to found, educate, and enrich the fabric of their social lives.
Political capital (PC) refers to an individual's ability to influence political decisions. Political capital can be understood as a metaphor used in political theory to conceptualize the accumulation of resources and power built through relationships, trust, goodwill, and influence between politicians or parties and other stakeholders, such as constituents.
Putnam observes a declining trend in social capital since the 1960s. The decreasing in social capital is blamed for rising rates in unhappiness as well as political apathy. Low social capital, a feeling of alienation within society is associated with additional consequences such as:
A political spectrum is a ... Most long-standing spectra include the left–right dimension as a measure of social, political and economic ... capital punishment, ...
When addressing political sociology, there is noted overlap in using sociology of politics as a synonym. Sartori outlines that sociology of politics refers specifically to a sociological analysis of politics and not an interdisciplinary area of research that political sociology works towards. This difference is made by the variables of interest ...
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The major difference between social democracy and democratic socialism is the object of their politics in that contemporary social democrats support a welfare state and unemployment insurance as well as other practical, progressive reforms of capitalism and are more concerned to administrate and humanise it.