CMNS 240 Lecture Notes - Lecture 13: Byrsonima Crassifolia, Bes, Rupert Murdoch

• School: Simon Fraser University
• Department: Communication
• Course: CMNS 240
• Professor: Enda Brophy

Document Summary

Rise of global production networks key feature of post-fordism. Outsourcing and offshoring allow employers to avoid higher salaries, unionized workforces. Investment is more mobile than ever before but not labour. Important question is whether workers will be able to respond to this situation: history tells us that workers need to demand more. Finance is sector of economy and branch of economics dealing with money + investment (or capital markets) Firms need investment to make 21772 - this investment is called capital. Sector that provides this capital is fiance sector. Finance is study of money and capital markets. Role of finance in theory is to channel savings from those w/ surplus to those w/ deficit. As individuals we need capital to purchase consumer items, education, etc. Stock markets used to fund companies but now companies now fund stock markets. More financial investments now go towards speculative inventions (short-term gain)