Sociology Chapter 14 Flashcards
Activity Level (Definition):
Work often provides a basis for the acquisition and exercise of skills and capacities. Even where work is routine, it offers a structured environment in which a person’s energies may be absorbed. Without it, the opportunity to exercise such skills and capacities may be reduced.
Alienation (Definition):
The sense that our own abilities as human beings are taken over by other entities. The term was originally used by Karl Marx to refer to the projection of human powers onto gods. Subsequently, he used the term to refer to the loss of workers’ control over the nature and products of their labor.
Barnet and Cavanagh Theory of Global Economics:
Claims there are four webs of interconnecting commercial activity in the new world economy, including the global culture bazaar, the global shopping mall, the global workplace, and the global financial network.
Capitalism (Definition):
Economic system based on private ownership of wealth, which in invested and reinvested to create profits.
Capitalism Qualifications:
Private ownership of wealth, profit as incentive, competition for makers to sell goods, cheap labor and materials, and restless expansion / investment. Most widespread form of economic organization in the world.
Characteristics of Work:
Money, activity level, variety, structuring one’s time, social contacts, and personal identity.
Collective-Bargaining Agreements - Fordism (Definition):
Formal agreements negotiated between firms and unions, which provided for rising wages, seniority rights, and benefits in exchange for worker consent to increasingly automated systems of production.
Divisions of labor (definition):
The specialization of producing goods for the market that divides regions into zones of industrial or agricultural production or high / low skills.
Economic Interdependence (Definition):
The fact that in the division of labor, individuals depend of others to produce many / most of the goods they need to sustain their lives. Many people do not grow the food they eat, build their own houses, or make the clothes they wear in modern societies.
Family Capitalism (Definition):
Capitalistic enterprise owned and administered by entrepreurial families in the 19th / 20th century. Privately traded and passed on to other family members.
Flexible Production (Definition):
A manufacturing system involving a complex network of contract factories that enable both the process of production, and the product itself, to be quickly modified in order to meet changing demand and market conditions.
Fordism (Definition):
The system of production pioneered by Henry Ford, in which the assembly line was introduced.
Global Capitalism (Definition):
The transnational phase of capitalism characterized by global markets, productions, finances, and promotion of global business. (Current phase of the economy)
Global Capitalism Qualities:
Giant transnational entities that roam freely around the planet in search of lower costs. Mainly loyal to no countries. Shareholders and superiors drawn from many countries, and operate in more than one country.
Global Cultural Bazaar:
The newest and most extensive of the interconnecting commercial webs. It claims that global images and global dreams are diffused through movies, TV programs, music, videos, games, toys and T-shirts, and sold on a world wide basis.
Global Financial Network:
Consists of billions of bits of financial information stored in computers and portrayed on computer screens. Entails almost endless currency exchanges, credit card transactions, insurance plans, and buying and selling of stocks and shares.
Global Shopping Mall:
Planetary supermarket with a dazzling spread of things to eat, drink, wear and enjoy. It is more exclusive than the global cultural bazaar because the poor do not have the resources to participate.
Global Workplace:
Consists of the massive array of offices, factories, restaurants, and millions of other places where goods are produced and consumed or information is exchanged. Closely related to the global financial network.
High-Trust System (Definition):
Organizational or work settings in which individuals are permitted a great deal of autonomy and control over the work task (i.e. managers, supervisors, etc.).
Informal Economy (Definition):
Economic transactions carried on outside the sphere of orthodox paid employment (i.e. babysitters, dogwalkers, and “off-the-books workers”).Sometimes involving the exchange of cash for goods and services provided, for which no official records are kept, and which therefore escape government notice.
Institutional Capitalism (Definition):
Consolidated networks of business leadership in which corporations hold stock shares in one another, resulting in increased concentration of corporate power.
Interlocking Directories (Definition):
Linkages among corporations created by individuals who sit on two or more corporate boards – which exercise control over most of the corporate landscape.
Knowledge Economy (Definition):
A society no longer based primarily on the production of material goods but instead the production of knowledge..