The sociologists on the economy try to focus on the middle-range phenomena. These are few efforts that are made to analyse the nuances of capitalism. The newer economic sociologists are interested in the politics and the politics is a form of newer age slavery in the nations. These sociologists use the nuanced definition that is developed by Marxist sociology. Moreover, these are explored by the contemporary economic sociologists. Most of the countries have embraced globalization. There is a significant income increases in nations such as China and India. Some nations have rejected globalization and it cannot be refuted that they are facing some financial crisis. Nevertheless, the same nuanced capitalism has caused income inequality. At the same time, significant per capita incomes are found to have risen across the regions. This is observed even in the poorest segments of population (Giddens and Sutton, 2017). These indicate that the poor people were better before the advent of capitalism. The consumption data in the emerging nations attribute towards the striking inequality that exists in the nation. The divide between the rich and the poorest people in the population are found to be starkly different in the different regions. The gains from globalization are shared across the population. Efforts are made to reform and strengthen education. This is needed to ensure that the workers have appropriate skills for the global economy. There are many policies that increase the access of the finance to the poor. In this paradigm, it cannot be stated that the trade liberalization would boosts agricultural exports (Buckmaster, 2009).