SOC 808 Lecture Notes - Lecture 5: Bulimia Nervosa, Wield, Nutritionism

• School: Ryerson University
• Department: Sociology
• Course: SOC 808
• Professor: Mustafa Koc

Document Summary

Happens when flooding of markets by capital results in massive devaluation and reinvestment of capital no longer brings returns. Strategies to deal with over-accumulation are moving capital or labor to a different territory, beginning new production, and creation of new markets. While capitalist economy gets its dynamism from competition, competition often ends up with domination of fewer enterprises controlling the market. When four or fewer companies control more than 40 percent of a particular market, we can no longer talk about competition. Oligopoly: when several companies control a sector or industry. Conglomerates: combinations of business in different commercial areas, all of wic are owned by one holding company. Interlocking corporate directorates: members of the board of directors of one corporation who also sit on the boards of other corporations. Four companies control 82% of beef slaughter companies, 63% pork slaughter, 53 % broiler slaughter, 58% turkey slaughter.