SOCA02H3 Chapter Notes -Multinational Corporation, Fot, State Ownership
Document Summary
Indian farmers cultivating neem trees w/ medicinal properties for generations. American chemical corporation patented a fungicide derived from neem tree. Corporate ownership has a big advantage over indiv ownership. Life form of 100 generations became private property of a multinational corporation. Is why it grew so fast: govt grant corporations right to exist but as corporations have grown exercise more and more influence over governments, corporations taxed at a substantially lower rate than individuals. Documentary argues that if corporations were people, they"d be labelled psychopaths. Incapable of maintaining enduring relationships: disregard for feelings and safety of others, fail to conform to social norms and behave lawfully. Green party succeeded in having patent for the need fungicide revoked: 1st time anyone succeeded in having a patent rejected on grounds of biopiracy (corporate theft of traditional agricultural and medical knowledge) Communism is the name karl marx gave to the classless society bound to develop out of capitalism.
