Final Flashcards
What is a society of perpetual growth?
A society that is constantly advancing and developing to make a profit.
What is capitalism?
An industry controlled by private owners for profit.
What is free floating desire?
Able to walk through a store with no expectations to make a purchase.
Consumer capitalism
The demand is manipulated. Societal pressures. Sellers are at an advantage.
Colonialism
The policy or practice of acquiring full or partial political control over another country.
Imperialism
A policy of extending a country’s power and influence through diplomacy or military force.
Black box of capitalism
Commodities are produced and consumed.
Money - Investments - Box - Profits - More Money
Discipline of labour
Time and control.
8 Reasons for Industrial Revolution
- Demand for goods
- Increase in the supply of capital
- Growth in population
- Expansion of agriculture
- Unique English culture or spirit
- State support for trade
- Ascendance of merchant class
- A revolution in consumption
The second great contraction
Happened in 2007 and it was the burst of the housing bubble in the USA.
Personal debt
When you owe money.
Nation state
A state whose citizens or subjects are relatively homogenous
Nation
A large aggregate of people united by common descent, history, culture, or language. They inhabit a particular country or territory.
State
A nation or territory considered as an organized political community under one government.
Creating the other; importance to nation state
Effective way to construct a nation is to create some ‘other’ against whom members of the nation state can distinguish themselves.
G-20 protest Toronto
- June 2010
- Peaceful and not peaceful protestors
- 10,000 protestors
- 40 shops vandalized
- Over 1000 arrests
- 20 leaders
Media filters
- Concerned ownership
- Advertising
- “Expert” and official sources
- Flak, used by government to control media
- External enemy or threats
Globalization
The processes by which businesses or other organizations develop international influence or start operating on an international scale
Plutocracy
A government ran by the wealthy
Trickle down economies
- Coined in 1980’s
- Fairness
- More money given to successful companies or investors, create more money for everyone - new products, new jobs
Paradise papers
A massive leak of documents from a tax law firm setting up tax structures in low and no-tax nations.
Crony capitalism
Political changes that benefit a group of well collected insiders but do not benefit the rest of us.
Illegal immigration
Illegal entry of a person across a country’s border.
Foreign temporary worker
- Mexican
- Bad/poor working conditions
- Canadians hire them for part of the year
Migrant worker
Migrates within home country or outside to pursue seasonal work. No intention to stay.
Famine
Extreme scarcity of food.