SOC227H5 Chapter Notes - Chapter 2: Don Tapscott, Manuel Castells, Joseph Schumpeter
Document Summary
Changing economies in the 20th and 21st century. Formerly most manufacturing enterprises had been owned and controlled by: then came the joint-stock companies in which hundreds thousands. Such diverse group of owners could not directly control the of investors shared ownership and profit giant corp. Class of managers who could run the enterprise became essential: two class system: capitalist who owned and controlled the means of. Versus workers who had little choice but to exchange their. Family ownership patterns may be less common. Senior managers and corporate executives think and act in much the same: share similar worldviews often from same social backgrounds as owners. Latter half of 20th century: social scientists argue that we had moved out of industrial era into a postindustrial society. Daniel bell 1970s: was the first to note these transformations, after wwii jobs in the service sector became more prominent, employment in areas of education, health, social welfare, entertainment, gov"t, trade, finance was rising.
