Political Science 2211E Lecture Notes - Lecture 10: Media Culture, Gardiner Means, Scientific Management

• School: Western University
• Department: Political Science
• Course: Political Science 2211E
• Professor: Adam Harmes

Document Summary

Fordism and the rise of the modern corporation. Today: rise of modern corporation, fordist structure of business labor relations, rigidities of the fordist system. Corporation: business is legally separate entity from owners/shareholders, limited liability, pays corporate taxes, perpetual lifetime, ownership based on shares. Centralized to decentralized ownership: robber barons retired and sold their shares, ma(cid:374)(cid:455) fir(cid:373)s (cid:862)(cid:449)e(cid:374)t pu(cid:271)li(cid:272)(cid:863) through a(cid:374) ipo, came to be owned by a large number of small, unconnected shareholders. Crown corporation: government ownership of a public company, via rail, cuba example, (cid:862)(cid:374)atio(cid:374)alize(cid:863) Managerial revolution: managers no longer owners, specialists in management itself, professionalization of managers and business schools, apply scientific principles to maximize efficiency. Taylorism: standardized goods, separation of conception and performance of work, separates ideas work from manual labor, hyper specialization into low-skill, repetitive tasks, assembly lines. Fordism and society: nuclear family, prohibition, religion, consumer culture, ta(cid:374)dardizatio(cid:374) a(cid:374)d (cid:858)(cid:373)oder(cid:374) aestheti(cid:272) of fu(cid:374)(cid:272)tio(cid:374)alis(cid:373)(cid:859, u(cid:271)ur(cid:271)ia a(cid:374)d (cid:862)(cid:373)oder(cid:374)(cid:863) ar(cid:272)hite(cid:272)ture.