INTL 1100 Lecture Notes - Lecture 5: World Economic Forum, Disposable And Discretionary Income, Social Movement
26 Sep 2017
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Sep. 14, 2017: transnational capitalist class (tcc) transnational. Corporations (tncs: transnational advocacy networks big international. Non-governmental organizations (bingos: international politics (dominated by states) States: corporations, ngos, social movements, global politics (happened after globalization all operating in global arena) What happens to representation: corporations (ex. Four fractions of tcc: corporate, state, technical (professionals, consumerist (merchants and media, individuals can move among classes, ex. Trump involved in real estate, media personality, and president. Corporation is an institution: separation of ownership from management, limited liability only liable to extent of shareholding, cannot be held liable beyond that, makes less risky for people to buy stock, ex. Wto and corporate globalization: founding of wto became vehicle for opening up global corporation, vitali et al. (2011) The network of global corporate control: (b) each section volume scales logarithmically with the share of its tncs operating revenue.
