SOC 102 Lecture Notes - Lecture 6: North American Free Trade Agreement, Emotional Labor, A Generation
Document Summary
9. 14. 17: u. s. economy, monopoly capitalism: we don"t have a free market, sherman anri-trust act 1890. Not only do they dominate our economy, but they dominate economies all over the world. Multinational: multi-national corporations, concentration of ownership, shared monopolies, 4 or fewer corporations control a small area, price, product, location, who makes it, and who works there, music, movies, meat, sodas, interlocking directorates. It is illegal to have the one person on the board of directors for the two companies in a shared monopoly: persons within meaning of the law. 1st, 4th, 5th, 14th amendment rights (define the amendments) They do not, as persons, have any legal or moral obligation to make jobs. All they want to do is make money. Jobs are only viewed by the boss as costs. : legal obligation, reasons, mergers: when two companies come together to do the same thing.