SOSC 1040 March 14, 2013
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
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,
- Economic: economic freedoms and limits, the transnational
corporation the globalized worker -new wage prosperity or new wage
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)