ijsi International Journal of Social Inquiry 1307-8364 1307-9999 Bursa Uludağ University The Capital Use of Social Capital or How Social Capital is Used to Keep Capital Concentrated Glascock Anthony P. Drexel University Kutzık David M. Drexel University 05 30 2016 3 2 101 119 05 30 2016 Copyright © 2008, International Journal of Social Inquiry 2008 International Journal of Social Inquiry

This paper addresses the role of social capital networks in the accumulation of large sums of money for investment. In particular, the study undertakes an analysis at the micro level of individual actions involved in the actual process by which social capital is converted into capital, i.e. money. This analysis highlights the social-facilitating functions and processes of social capital networks, while focusing attention on the essential relationship between social capital and money. Our analysis clearly indicates that social capital is the means of production in a type of venture capitalism and is the real means by which the accumulation of capital itself is controlled. Perhaps even more importantly, our findings show that these networks exist to ensure that any profit made by the members of the network remains within the network and does not flow to other networks of financially elite individuals nor trickle down to individuals who are not financially elite.

 Social Capital Networks Venture Capital Forms of Capital Micro Level Concentration of Capital Adler, Paul S. and Seok-Woo Kwon. (2002). Social capital: Prospects for a new concept. The Academy of Management Review, 27(1), 17-40. Bourdieu, Pierre. (1986). The forms of capital. In John G. Richardson (Ed), Handbook of Theory and Research for the Sociology of Education (pp. 241-258). New York: Greenwood Press. Cohen, Stephen S. and Gary Fields. (1998). Social Capital and Capital Gains, or Virtual Bowling in Silicon Valley, Working Paper 132, Berkeley Roundtable on the International Economy. Retrieved on 9/15/2009 from http://works.bepress.com/gary_fields/22. Coleman, James. (1990). Foundations of Social Theory. Cambridge: Harvard University Press. Florin, Juan, Michael Lubatkin and William Schulze. (2003). A social capital model of high-growth ventures. The Academy of Management Journal, 46(3), 374-384. Glascock, Anthony P. and David Kutzik. (2009a). In Ashwish Dwivedi (Ed), A care informatics approach to telehomecare applications. In The Handbook of Research on IT Management and Clinical Data Administration in Healthcare (pp. 368-382). Hershey, PA: IGI Publishing. Glascock, Anthony P. and David Kutzik. (2009b). Embrace the chaos, it’s not noise: lessons learned from non-traditional environments. International Journal of Mobile Human Computer Interaction 1 (2): 22-36. Glascock, Anthony. P and David Kutzik. (2006) The impact of behavioral monitoring technology on the provision of health care in the home. The Journal of Universal Computer Sciences 12(1), 59-80. Jacobs, Jane. (1961). The Life and Death of Great American Cities. New York: Random House. Kutzik, David and Anthony P. Glascock. (2004). In Sunkyo Kwon and David Burdick (Eds), Monitoring household behaviors to enhance safety and well-being. In Gerotechnology: Research and Practice in Technology and Aging (pp. 132-145). New York: Springer Publishing Company. Liu, Amy Qiaoming and Terry Besser. (2003). Social capital and participation in community improvement activities by elderly residents in small towns and rural communities. Rural Sociology 68, 343-365. Marx, Karl. (1977). Capital, a Critique of Political Economy. Vol. 1. New York: International Publishers. Narayan, Deepa and Michael F. Cassidy. (2001). A dimensional approach to measuring social capital: development and validation of a social capital inventory. Current Sociology 49, 59-102. Putnam, Robert. (1995). Bowling alone: America’s declining social capital. Journal of Democracy 6, 65-78.