SOC101Y1 Chapter Notes - Chapter 12: Gross Domestic Product, Sustainable Consumption, Nationstates
Document Summary
The global and the ethical: globalization is inherently neither good nor bad but the consequences of globalization processes affect human lives and the environment (cid:224) generate strong opinions + ethical positions. Against neoliberal forms of globalization that put capital mobility, markets and profits before people"s basic needs: radical anti capitalist positions, various forms of anarchism, armed peasant uprisings, fair trade coffee projects. Overcapacity and centralization: growth of casino capitalism is also linked to declining profits and overcapacity in the economy of goods/services, overcapacity: global corporations (tncs) are producing more things than the world"s consumers can afford to purchase, creation of global economy has created complex webs of interdependence among national economies + changed the way corporations looked and operate, made corporations leaner, meaner, bigger + more diverse in terms of goods. Centralization: corporations have merged to stay competitive, blending different industries together.
