SOCIOL 1A06 Lecture Notes - Brand Management, Subprime Mortgage Crisis, Cultural Imperialism
12 May 2013
School
Department
Course
Professor
Document Summary
Describes world wide exchanges; goods, services, money. Critics say: globalization is not a neutral process of increasing interconnectedness. Shrinking of the world: capital (money) it can move across vast distances, ideas, culture, companies, products, people. Space-time compression: technology allows each one of us to connect vast geographical distances almost instantly. Jet: unprecedented growth and speed of travel. Google, apple, microsoft: communication and internet technologies. Capitalism globally: (overcapacity, taxes, global commodity chains, cultural imperialism: overcapacity: making more products than consumers have to buy, taxes, global commodity chains: culture has become co modified, cultural imperialism: american values, ideas getting exported around the world. Financial capital (casino capitalism: has grown faster than production in trade. Neo-liberal economic policy: let the laws of supply and demand regulate the market not the government, less state spending and regulation, individual responsibility: each one is responsible for their own welfare. Critique of neo-liberal economics: subprime mortgage crisis in.
