SOC 103 Lecture Notes - United Fruit Company, Multinational Corporation, Scientific Management
15 Sep 2012
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Continuation of last week"s lecture, and then new lecture. The first stock exchange company in canada was the hudson"s bay company. Was underdeveloped because of colonization, colonies were set up in a way that the everyone depended on the land for everything. We were known for 4 things fur, lumber, fish, minerals: the growth of corporate concentration. He made money at every level of production, monopolized the supply, the manufacturing, and the retail aspects. Same thing happened with groceries/produce: used to be called united fruit company, dole, delmonte, chickita. This is what the market looks like today all monopolies. Mergers: horizontal purchase other companies that do what you do, buy out the competition. All franchises: conglomerate also known as transnational or multinational corporation. Companies that monopolize the marketplace, not only a particular sector. Ge: transnational/multinational corporations, the contradiction between private ownership and social production. Most people nowadays don"t know who they work with.
