POLS 3125 Lecture Notes - Lecture 16: Industrial Democracy, Capital Accumulation, Oligopoly

• School: York University
• Department: Political Science
• Course: POLS 3125
• Professor: Glenn Goshulak

Document Summary

Socialists: capitalist power: inherently illegitimate, capitalist class is not monolithic. Fairness of rules of struggle: capital as benign, how concentrated at top. The role of capital in a capitalist economy: corporations: determine investment, technologies, what produced, labor, relation between the economy and environment. Labor: can offset some of this (collective action, unions, industrial democracy, elections: but overall capital enjoys an advantage. Development of capital in canada: colonial period. Timber trade: major role in both permanent settlement and domestic capital accumulation: banks: rival merchant groups (to help finance export trade, chartered (cid:448)s (cid:858)free (cid:271)a(cid:374)ks(cid:859) (cid:894)u (cid:895, manufacturing development: slow. Aspects of the structure of capital during national policy. Economic growth regionally uneven: capital highly concentrated, with the older financial or staples capital maintaining important lead in canadian development, us capital and technology took large role in canadian manufacturing and resources. Assessment of the national policy period (naylor- clement): staples vs manufacturing hypothesis: (cid:858)defe(cid:374)si(cid:448)e e(cid:454)pa(cid:374)sio(cid:374)is(cid:373)(cid:859) (cid:894)la(cid:454)er(cid:895): failure of ca(cid:374)ada as a (cid:858)late-follo(cid:449)er(cid:859)