Lecture 4

Question 1

How have MNCs facilitated the spread of capitalism?

Answer 1

Trade agreements
Exchange of goods and services between countries to be in place
production one country and sell in another
+
Land Reform
Strong and Sophisticated Property Rights to Land and Businesses (brands, trademarks, copy right) and Intellectual property. A business with a stream of profit that cannot be taken by the government, hence you invest in it as you have the rights to receive the stream of benefits.

Question 2

How does capitalism distribute economic wealth among various segments of society?

Answer 2

Poorly.
because MNCs depend on highly educated capability (huge resources) they employ those people, do tend to bring prosperity to less skilled workers, yet there is still a huge pay difference between the lowest and highest paid workers. (400x more for CEO and managers)
Same countries pass laws to limits disparities betweens senior management(executive pay) and workers. - lose executive to non capped countries

Distributes in short term
Law can limit

?
Easy to find prosperous nations in the short term which are under a capitalist regime, and is difficult to find poor ones.
Other regimes outside of capitalism it is difficult to find rich nations.
Short term vs Long term

Question 3

What is the risk of googles internet dominance?

Answer 3

Googles internet dominance will shape how billions of uneducated people perceive the world
“google doesn’t produce information” risks in the way realities are formed, teachers and universities filter knowledge.
Google has the power to EXPOSE people to knowledge without being through the filters of strong educational models typically used

Question 4

Has google breached laws protecting personal data?

Answer 4

yes

in multiple countries