SOCI 101D Lecture Notes - Lecture 22: Investment, Calvinism, Protestant Work Ethic
11 Jan 2017
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Document Summary
Globalization: the process of international integration arising from the exchange of world views, products, and ideas. At the core of today"s capitalist economy lies the corporation, an organization with a legal existence, including rights and liabilities, apart from those of their members. The largest corporations are now transnational - the world is one vast marketplace. The modern global economy is an oligopoly - a market dominated by a few conglomerates (a few large firms hold most of the assets and earn most of the profits. Globalization threatens many cultures with its homogenizing influence. 101. 23 rationalization: members of pre-industrial societies embrace tradition, sentiment, and beliefs passed from generation to generation, modern rationalism: Industrial societies are characterized by rationality, deliberate, matter-of-fact calculations of the most efficient meant to accomplish a particular task: rationalization: An ever expanding process of ordering or organizing. Weber identified several characteristics of rational social organizations. Awareness of time - cyclical vs linear.
