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Lecture 1

SOCIOL 1A06 Lecture 1: lecture notes

Course Code
Sandra Colavecchia

of 3
Globalization 2016-01-21
Global exchange of money, goods and services, culture (Hollywood
Geography not longer determines those things, worldwide
Ch19- polarized feelings on globalization, strongly advocate for neo
liberal policies and free market
Shrinking of the world
Countries are interconnected politically, economically, culturally
Travel and migration
Time- space compression
Food we eat and have access to, products we can by,
Economic Interconnectedness
World Trade Organization (WTO)
International Monetary Fund (IMF)
World Bank
Top-down Globalization
overcapacity- companies making more products than people who can
afford to buy them
taxes- big companies avoid paying taxes by moving to other countries,
if corporations aren’t paying, public is
global commodity chains
cultural imperialism- America ideas get exported, how you should live
arguing that ideas are problematic like sex, violence, secularism
Financial capital (casino capitalism)- grown much faster than
production and trade, electronic- can now move large sums of
money, casino- has potential to make markets unstable
Neo-liberal economic policy- less government regulation, less
government spending, greater emphasis on people to find solutions
for own wellbeing and welfare as cuts in healthcare/ services, less
protection for workers, privatizing highways, airports, utilities.
Critique of neo-liberal economics:
Subprime mortgage crisis in US sets off global recession-
Housing values declined, interest rates increased leading to an increase in
mortgage delinquencies and foreclosures
Subprime mortgages were held as securities for many financial firms
Decline in capital, credit-tightening, and global recession resulted
Politics and Social Movements 2016-01-21
Instrumental versus Structural Marxists
Instrumental: economic elites control the government because:
1. economic elites become political leaders
2. government officials refer to economic elites for political advice
3. big business support political parties through campaign donations
need to go back
Power-Balance Theory:
How power shifts over time
Power not only held by elites but by others as well
Example: cross-national comparisons in rates of unionization
Canada vs. Sweden
State- centre Theory
Argues that the state can structure political life quite separate and
apart from economic elites and take a life of its own
Example: immunized states, voters in some countries have to go
register before voting (US states)
Two Additional Perspectives
Relative deprivation theory: when individuals lack economic resources
they are likely to mobilize and form social movements
Resource- mobilization theory: social movements emerge when people
have enough resources to demand change
Ch 19 SIQ Dr. LeDuc
Dealigned electorate
Brokerage politics