Textbook Notes (280,000)
CA (160,000)
UTSC (20,000)
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SOCA02H3 (300)
Chapter

SOCA02H3 Chapter Notes -Multinational Corporation, Fot, State Ownership


Department
Sociology
Course Code
SOCA02H3
Professor
Sheldon Ungar

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Box 13.2: Sociology at the Movies:
The Corporation (documentary) :
Indian farmers cultivating neem trees w/ medicinal properties for generations
American Chemical corporation patented a fungicide derived from neem tree
Life form of 100 generations became private property of a multinational corporation
Corporate ownership has a big advantage over indiv ownership
o Is why it grew so fast
o Govt grant corporations right to exist but as corporations have grown exercise more
and more influence over governments
o Corporations taxed at a substantially lower rate than individuals
Documentary argues that if corporations were people, they’d be labelled psychopaths
o Incapable of maintaining enduring relationships
o Disregard for feelings and safety of others
o Fail to conform to social norms and behave lawfully
Such corporate behaviour is routine
Green party succeeded in having patent for the need fungicide revoked
o 1st time anyone succeeded in having a patent rejected on grounds of biopiracy
(corporate theft of traditional agricultural and medical knowledge)
Communism:
Communism is an “ideal”
Communism is the name Karl Marx gave to the classless society bound to develop out of
capitalism
Socialism = transitional phase between capitalism and communism
No country is communist in the pure sense of the term
Dozen countries consider themselves socialist
Communism = 2 distinct features
o 1. Public ownership of property the state owns almost all the means of producing
goods and services
Private corporations do not exist
Aim of public ownership = all indivs have equal wealth and access to goods and
ervices
o 2. Government planning five year state plans establish production quotas, prices, and
other economic activity
A high level of control requires to implement rigid state plans
Until recently, Centreal and Eastern Europe were single party socialist societies
Most powerful = Soviet Union
Started introducing capitalism and holding multi-party elections in the late 1980s and early
1990s
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