SOCA01H3 Chapter Notes - Chapter 6: Lean Manufacturing, Complex Number, Social Capital
Document Summary
Tend to assume that large corporations are benefiting society as a whole. Creation of large global economic units also means that entire economy can be put at risk when small number of major businesses find themselves in crisis. As capital becomes more international and economy becomes more integrates, then collapse of major corporation can be serious concern. Biggest concern is their sheer global power. Allows them to assert dominance not only in economic sphere but in ideological and political spheres too. In effort to discipline workers and increase profits, employers increasingly gained control. Aim was increased managerial control over worker with goal of maximizing worker output. Henry ford developed first automated production line. Further advances control over worker via technology. Now referred to as period of capitalist development marked by intensive production, max use of machinery and complex divisions of labour. Ford also introduced notion of improving wages (allowed employees to buy cars coming off new assembly lines)
