SOCA02H3 Lecture Notes - Lecture 8: Baby Boomers, Air Jordan, Foxconn
Document Summary
Depression generation vs. baby boomers: reverse early experiences, depression generation grew up hard and ended up rich and in wwii, baby boomers started up easy, jobs were given, but got hit really hard in 90"s depression. Savage (predatory) capitalism with globalization: ruthless economy creative destruction downsizing outsourcing. Globalization threatens state sovereignty: increasingly interdependence, state penetrated. Media pollution currency exchange drugs crime and terror. Transnational corporations of the 100 economies in the world: 51 are corporations, 49 are countries. The top 200 corporations combined sales are bigger than the combined gnps of 182 countries. No loyalty to home country: made in the world . Us multinational corporations, 2000s: cut 2. 9mil jobs, added 2. 4 intl jobs. Exploit workers in developing countries: nike and air jordans, fires. Global manufacturer: companies locate there to produce. Knowledge workers at the top: constant pressure to update. Weakened national state: little power over tnc, huge debts, loss of currency control.
