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Lecture 18

SOSC 1040 - Lecture 18 Notes

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York University
Social Science
SOSC 1040
Claudio Colaguori

SOSC 1040 March 14, 2013 Globalization  Globalization has three basic dimensions: political, economic, cultural  Is globalization something new or has it been around for centuries?  Present-day globalization is about increased polarizations and intensifications in the scale and scope of political, economic and cultural changes that affect the lives of people. Is it ‘good’ or ‘bad’?  now it’s about corporations that have legal implications worldwide  Polarization of economic classes, races, etc, categorizing and separating ppl even more which is the opposite of what globalization is supposed to do  Globalization isn’t only about ‘over there’ it’s about what we do daily ‘over here’ in terms of eating, shopping, labour issues, environment, human rights etc.  What happens at the global scale also happens at the local scale; prices of food and etc go up and more and more ppl can’t afford basic necessities  The 4 world – at least 50% of world’s population is very poor.  Not just because of something they’re doing/not doing; also because of social forces, competition of capitalism, discriminated on the basis of their race, class and gender everywhere (b/c of tribalism and racism; in school, work, opportunities, etc; ppl in power make the decisions; social structure creates the missed opportunities - Political: free-trade agreements, corporate rights, concentrates economic power (WTO, WB, IMF) transnational corporate power, rogue states - Economic: economic freedoms and limits, the transnational corporation the globalized worker -new wage prosperity or new wage slavery?  Free trade zones – build a fence around a piece of land and make it so that the country’s laws don’t apply – allows them to exploit workers and etc. - economic freedom and U.S. corporate imperialism. - Financial capital and Casino capitalism, as opposed to manufacturing based capital accumulation.  We have a liquid economy; corporations think that they don’t have an obligation to the citizens (just their shareholders)
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